[SBI VC Trade Co., Ltd.]
Announcement of the start of “term-end market value assessment tax exemption service” for corporations – Targets all 23 stocks handled by our company, and can also receive staking rewards –
*View in browser* *SBI VC Trade Co., Ltd.*
Press release: June 4, 2024
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Announcement of the start of “term-end market value assessment tax exemption service” for corporations – Targets all 23 stocks handled by our company, and can also receive staking rewards –
SBI VC Trade Co., Ltd. (Head office: Minato-ku, Tokyo, President and CEO: Kondo Tomohiko (hereinafter referred to as the “Company”) is pleased to announce that it will begin offering a “period-end mark-to-market assessment tax exemption service” for corporations from June 4, 2024 (Tuesday).
Due to partial revisions to the Corporate Tax Act and the Cabinet Office Ordinance regarding crypto asset exchange providers, from April 1, 2024 (Monday), crypto assets held by corporate customers will be subject to certain conditions. It has become possible to exempt companies from the application of end-of-year mark-to-market valuation taxation.
From Tuesday, June 4, 2024, our company will begin offering a “term-end mark-to-market valuation tax exemption service.” By utilizing this system, *
Since corporate tax on unrealized gains on crypto assets is exempt*, you will be able to hold your crypto assets for a long period of time with peace of mind.
* Eligible stocks include a total of 23 stocks handled by our company *. Also,*
You can receive rewards even if you use this system for the stocks eligible for staking, which we boast the No. 1 handling number in Japan*.
*As of May 30, 2024, our research covers staking services of domestic crypto asset exchange companies.
In the future, we plan to run a staking fee preferential campaign for customers who are able to hold crypto assets for a long period of time by using this system.
■Application conditions
・Being a corporation
・You must have opened a corporate account with our company.
・The target crypto assets must be crypto assets handled by our company. ・It is possible to restrict (lock) the transfer of the target crypto assets for one year or more
・In principle, the target crypto assets must be equivalent to 10 million yen or more per issue in Japanese yen.
*We may be able to accept requests even if the amount is less than 10 million yen, so please contact us if you are interested.
・Fees: Free in principle
*If transfer restrictions are lifted, an administrative fee (10,000 yen (excluding tax) per crypto asset type) will be charged.
■How to apply
Customers who wish to apply for the “Term-end market valuation tax exemption service” should fill out the dedicated inquiry form below. https://support.sbivc.co.jp/hc/ja/requests/new?ticket_form_id=28576029630099 ■ Notes
・Customers who wish to apply will be issued with a “Explanation of Service Exempted from Period-End Market Valuation Taxation.” Please check the contents carefully before applying.
・This service imposes transfer restrictions on the applicable crypto assets at our company at the request of the customer. Currently, crypto assets that are subject to transfer restrictions from third parties are not eligible. Additionally, depending on our review, consultation details, etc., you may not be able to use this service. ・We may not be able to start providing this service by the desired start date of the transfer restriction measures. Please apply with a flexible schedule.
・When applying for and using this service, please follow the “Cabinet Office Ordinance on Crypto Asset Exchange Operators” No. 23. Article 1, Item 9, as well as the Japan Crypto Asset Exchange Association’s “Rules on Information Provision and Publication of Cryptoassets with Transfer Restrictions” (hereinafter referred to as the “Rules”) and these Regulations. You need to understand the contents of the guidelines. Please note that these rules and guidelines are
Please check the website.
https://jvcea.or.jp/
– Regarding the tax treatment of this service, please consult your local tax office, tax accountant, or other specialist.
・Due to changes in the tax system, Cabinet Office ordinances, association rules, etc., the content of this service may be reviewed or the provision of this service may be suspended or discontinued. At our company, SBI
Based on the group’s philosophy of “customer-centricity,” we will provide services from the customer’s perspective. We look forward to your continued patronage.
that’s all
(SBI VC Trade Co., Ltd.)
-Points to note when using crypto assets-
Unlike “legal currencies” such as the Japanese yen or dollar, crypto assets are not guaranteed in value by any country.
Crypto assets may incur losses due to price fluctuations.
Cryptoassets may lose their value due to failure of the transfer recording mechanism.
If our company goes bankrupt, we may not be able to return deposited money and crypto assets.
There are other points that require attention when trading crypto assets handled by our company. Before starting a transaction, please carefully read the “Transaction Terms and Conditions” and the “Document issued prior to conclusion of the contract”, etc., and fully understand the transaction details, structure, risks, etc., and make sure to conduct the transaction based on your own judgment. Please. If you lose your private key, you will not be able to use your crypto assets and may lose their value.
Cryptoassets can be used to pay for compensation only with the consent of the person receiving the payment.
-Main points to note when conducting crypto asset-related
over-the-counter derivative transactions-
Fees payable by customers regarding crypto-asset related
over-the-counter derivative transactions
, the amount of each type of remuneration or other consideration, the maximum amount thereof, or the summary of the calculation method thereof, the total amount of such amount, the maximum amount thereof, or the summary of the calculation method thereof, as specified in the “Crypto Asset Transaction Manual” is.
In order to conduct crypto asset-related over-the-counter derivative transactions, you must first deposit margin in Japanese yen or crypto assets (limited to crypto assets handled by our company).
Crypto-asset-related over-the-counter derivative transactions allow you to trade in excess of your margin with a small amount of funds, but you may lose most or all of your margin in a short period of time due to sudden price fluctuations of crypto assets, etc. , as the transaction amount exceeds the amount of margin, you may incur a loss that exceeds the amount of margin, etc.
The ratio of the amount of the transaction to the amount of the margin, etc. is up to 2 times for individual customers, and for corporate customers, the ratio separately determined by the Japan Crypto Asset Exchange Association (corporate leverage ratio) is. Over-the-counter derivative transactions related to crypto assets do not guarantee the principal, and losses may occur due to price fluctuations of crypto assets. Please read the “Cryptocurrency Transaction Manual” carefully, fully understand the risks, mechanisms, and characteristics, and make transactions based on your own judgment. Trade name, etc.: SBI VC Trade Co., Ltd. (Class 1 financial
instruments business operator, crypto asset exchange business operator)
Type 1 Financial Instruments Business: Kanto Local Finance Bureau (Kinsho) No. 3247
Crypto asset exchange business: Kanto Local Finance Bureau No. 00011 Member association: Japan Crypto Asset Exchange Association (member number 1011) ＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊
Contact information regarding this press release
SBI VC Trade Co., Ltd. Planning and Sales Department 03-6229-1166 *About details about this release*
https://prtimes.jp/main/html/rd/p/000000102.000059421.html
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