Cryptocurrency Q&A
How much tax will I have to pay if I make 1 million yen in sales on Mercari?
How much tax will I have to pay if I make 1 million yen in sales on Mercari?
Eleonora
Mon Dec 23 2024
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6 answers
1051
I want to know the amount of tax I would need to pay if I earn 1 million yen through sales on Mercari.
6 answers
KimchiQueenCharm
Wed Dec 25 2024
For instance, if you possess an income of 1 million yen, the taxable portion would be 200,000 yen.
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Stefano
Wed Dec 25 2024
The taxable income is determined based on a specific percentage of your total earnings.
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ShintoSanctum
Tue Dec 24 2024
Therefore, if you qualify for long-term capital gains, the taxable amount would be reduced to 100,000 yen.
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Daniele
Tue Dec 24 2024
A favorable scenario arises if you have owned the item you sold for more than five years.
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SunlitMystery
Tue Dec 24 2024
In such cases, the gains are classified as long-term capital gains.
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