To the National Tax Agency to capture and strengthen net revenue. Targets such as cryptographic asset transactions
Coinotaku OU? National Tax Agency to capture and strengthen net income. Targets such as cryptographic asset transactions ………………………………………………………………………………………… In order to properly tax the income earned by individuals through the Internet, the National Tax Agency has announced that it will establish a specialized project team at national tax offices and other locations throughout the country, and strengthen its information gathering system. This is to prevent tax refuge from being undeclared or underdeclared, for example, by obtaining information from a business owner on customers who have made a large profit. The revised National Tax Law, which came into effect at the end of March this year, will come into effect in January 2020. Under certain conditions, the National Tax Authority will query the business operator with information such as customers who have made a large profit. There is also a penalty if the employer does not respond to the information without a justifiable reason. Based on this system, specialized project teams in various regions will obtain information from the distributors of crypto assets, operators of net auctions and private night broker sites, etc., and will use them to find out a large amount of false reports. Until now, he has not declared the profit gained from buying and selling of cryptographic assets. The video was released on the video distribution site, and even though it was earning points that could be redeemed, only a part was declared. Cases such as have been uncovered in the survey. However, they sometimes said that they could refuse to provide any information to businesses, “The law has made it a powerful weapon to be able to inquire customer information,” said a National Tax Agency executive. That’s right. This includes cryptographic asset transactions, online auctions, private nights, video distribution, and in the future, it will be more likely to crack down on flea apps, Uber, and blog income. If you work hard for one year and earn tax 1. on the earned income and buy something with the remaining funds, and it is no longer needed, the ones that are likely to be sold are online auctions and flea applications Sell on etc. and earn 2. This income is also subject to investigation and disclosed by business operators. Many people are likely to be undeclared for this income 2. Be aware that they will be subject to undeclared additional taxes before they notice it.
[Image 1: https://prtimes.jp/i/36859/48/resize/d36859-48-172477-0.png]
Many of the topics related to gains on trading of cryptographic assets have been taken up in the current law revision. As a matter of fact, the national tax will be able to track all the profits that individuals earn as a sideline business or spending money, such as sales in private residences and flima apps, and affiliate earnings. If you are earning money from the Internet business regardless of the amount of money, not just the cryptographic assets, you should manage your own earnings. From an individual’s point of view, it may be taken as negative that tax collection will become severe, but if this tax revenue is neglected in today’s Japan where secondary business and internet business are recommended, the administration of the country itself will not work. . Of course, it is necessary to receive the advice of a tax accountant specialized for each business. Rather than looking for a way that does not cost taxes, doing the right tax savings will ultimately result in overall profits.
[Image 2: https://prtimes.jp/i/36859/48/resize/d36859-48-406692-1.png]
I have operated COIN OTAKU, one of Japan’s largest cryptographic asset media in Japan, with the desire to further expand the market of cryptographic assets. While distributing information not only to the media but also to Twitter and Facebook, “I would like to get information at a closer distance from Mr. Ito. I received a lot of requests that]
. I hope everyone can see the evolution of the blockchain era in the near future. First, please register the coin otaku official LINE @
▼ line.me/ti/p/%40eae0487b ▲ ▲ ▲
For more information about this release(Japanese):
prtimes.jp/main/html/rd/p/000000048.000036859.html ————————— —————————