Cryptocurrency Q&A
How much tax do you have to pay if you make a profit of 100 million yen from virtual currency?
How much tax do you have to pay if you make a profit of 100 million yen from virtual currency?
Stefano
Sun Dec 22 2024
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6 answers
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I want to know the amount of tax I need to pay if I earn a profit of 100 million yen through virtual currency.
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SophieJones
Tue Dec 24 2024
If you earn 100 million yen from virtual currency, you will face a significant tax burden as an individual.
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SumoMight
Tue Dec 24 2024
This difference in tax rates creates a notable disparity between what individuals and corporations pay.
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Chiara
Tue Dec 24 2024
Specifically, the tax rate for individuals in this scenario is such that 55 million yen would be deducted as tax.
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Leonardo
Tue Dec 24 2024
In contrast, corporations enjoy a more favorable tax rate when it comes to virtual currency earnings.
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Tommaso
Tue Dec 24 2024
The maximum tax rate for corporations is 35%, which means that the tax collected on 100 million yen would amount to 35 million yen.
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