Cryptocurrency Q&A How much of Bitcoin is tax-free?

How much of Bitcoin is tax-free?

Rosalia Rosalia Sun Dec 22 2024 | 6 answers 1201
I would like to know the amount or percentage of Bitcoin that is considered tax-free. I'm curious about the tax implications of holding or transacting with Bitcoin. How much of Bitcoin is tax-free?

6 answers

ShintoSanctuary ShintoSanctuary Tue Dec 24 2024
When trading virtual currencies like Bitcoin and altcoins, tax obligations must be considered.

Was this helpful?

132
24
Isabella Isabella Tue Dec 24 2024
If your profits exceed 200,000 yen from such trading activities, you are required to file a tax return.

Was this helpful?

130
22
CryptoGuru CryptoGuru Tue Dec 24 2024
This tax return is commonly referred to as the blue tax return in the relevant context.

Was this helpful?

329
63
henry_taylor_architect henry_taylor_architect Mon Dec 23 2024
It's worth noting that the tax threshold applies not only to profits from virtual currency trading.

Was this helpful?

238
21
Valentina Valentina Mon Dec 23 2024
Even if your trading profits are less than 200,000 yen, you may still need to file a tax return.

Was this helpful?

177
51
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts