Cryptocurrency Q&A
How much tax do I have to pay if I make 1 million yen from Bitcoin?
How much tax do I have to pay if I make 1 million yen from Bitcoin?
SumoHonor
Sun Dec 08 2024
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5 answers
1210
I earned 1 million yen from Bitcoin and I want to know the amount of tax I need to pay on this income. Could you please help me calculate the tax liability on my Bitcoin earnings?
5 answers
charlotte_wright_coder
Tue Dec 10 2024
The question arises regarding the tax obligation if one earns 1 million yen from Bitcoin.
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CryptoTitan
Mon Dec 09 2024
For individuals earning solely from cryptocurrency, the tax liability, which includes both income tax and local tax, amounts to approximately 34,000 yen on a 1 million yen profit from Bitcoin.
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Michele
Mon Dec 09 2024
On the other hand, if an office worker with an annual income of 3 million yen earns an additional 1 million yen from cryptocurrency, the tax burden increases significantly.
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Caterina
Mon Dec 09 2024
In such a scenario, the total tax payable would be approximately 160,000 yen, highlighting the impact of other income sources on the tax calculation.
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Eleonora
Mon Dec 09 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive range of services to its users. These services encompass spot trading, futures trading, and secure wallet solutions, catering to the diverse needs of the cryptocurrency community.
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