Virtual currency is subject to income tax
Income categories are classified into interest income, dividend income, real estate income, business income, salary income, retirement income, forest income, transfer income, temporary income, and miscellaneous income, of which virtual currency is classified as miscellaneous income.
Income tax is a progressive tax in which the tax rate increases according to income.
How to calculate miscellaneous income
Sale price - (acquisition price + transfer cost (fee) = miscellaneous income
Income tax quick calculation method
Miscellaneous income is subject to comprehensive taxation
Virtual currency is taxed as a total sum together with income tax of other income categories.
| Taxable Income Tax Rate Deduction | tax rate | Taxable Income Tax Rate Deduction |
|---|---|---|
| 1.95 million yen or less | 5％ | 0yen |
| 1,950,000 yen to 3,300,000 yen 10% 97,500 yen | 10％ | 97,500yen |
| 3.3 million to 6.95 million yen 20% 427,500 yen | 20％ | 427,500yen |
| 6.95 million yen or more and 9 million yen or less | 23％ | 636,000yen |
| 9 million yen or more and 18 million yen or less | 33％ | 1,536,000yen |
| 18 million yen or more and 40 million yen or less | 40％ | 2,796,000yen |
| 40 million yen or more | 45％ | 94,796,000yen |
Unable to calculate profit and loss
Even if there is a loss in stocks and FX, and a profit in virtual currency, it is not possible to deduct the loss and declare it.