Cryptocurrency Q&A
How much tax do I have to pay if I make 1 million yen with Bitcoin?
How much tax do I have to pay if I make 1 million yen with Bitcoin?
SakuraTide
Sat Dec 07 2024
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7 answers
1336
I've earned 1 million yen through Bitcoin and I'm wondering how much tax I would have to pay on this income. Could someone please advise on the taxation rules for cryptocurrency earnings in my country?
7 answers
SumoHonor
Mon Dec 09 2024
This figure assumes that your entire income for the period consists solely of the earnings from Bitcoin.
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Leonardo
Mon Dec 09 2024
The question arises regarding the tax obligation if one earns 1 million yen through Bitcoin.
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Sara
Mon Dec 09 2024
Conversely, if you are an office worker with an annual income of 3 million yen and you earn an additional 1 million yen through virtual currency, the tax calculation will differ.
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Starlight
Mon Dec 09 2024
Specifically, if your sole income is derived from cryptocurrency and you make 1 million yen with Bitcoin, the tax liability will be calculated accordingly.
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LightWaveMystic
Mon Dec 09 2024
In this case, the tax liability for the 1 million yen earned from virtual currency will be approximately 160,000 yen.
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