Japanese Taxation Committee Seeks to Simplify Cryptocurrency Tax Reporting

A Japanese taxation policy committee held a debate with the aim of simplifying cryptocurrency tax Wednesday, Oct. 17

Japanese taxation policy committee held a debate with the aim of simplifying cryptocurrency tax Wednesday, Oct. 17, Japanese daily news outlet Sankei News reports.

Highlighting the complex tax filing regime currently in place for Japanese citizens, officials from the committee — which advises the government on policy — said there was a need to adjust the procedure to stimulate a more thorough reporting of cryptocurrency gains.

“The environment should be adjusted so that tax returns can be simplified,” Sankei quotes the organization as saying.

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