Cryptocurrency Q&A
What happens if you file a tax return with less than 200,000 yen in FX?
What happens if you file a tax return with less than 200,000 yen in FX?
Andrea
Tue Dec 10 2024
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5 answers
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I want to know the consequences of filing a tax return with an amount less than 200,000 yen in foreign exchange. What will happen in such a case?
5 answers
BonsaiStrength
Wed Dec 11 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of traders.
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TopazRider
Wed Dec 11 2024
For salaried individuals engaging in FX trading, profits earned do not necessarily require a tax return filing.
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SakuraWhisper
Wed Dec 11 2024
Specifically, if their "income other than salary income and retirement income, including FX profits," totals less than 200,000 yen per year, no tax return is needed.
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HanbokGlamourQueenEleganceBloom
Wed Dec 11 2024
This exemption applies solely to income tax returns and does not extend to other types of tax filings.
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MountFujiView
Wed Dec 11 2024
Notably, even if FX trading profits fall below the 200,000 yen threshold, residents must still file a resident tax return if they have incurred any profit.
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