Cryptocurrency Q&A
If I earn 5 million yen a year from Bitcoin, how much tax will I have to pay?
If I earn 5 million yen a year from Bitcoin, how much tax will I have to pay?
Nicola
Thu Dec 12 2024
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6 answers
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I am earning an annual income of 5 million yen from Bitcoin and I want to know how much tax I will have to pay on this amount.
6 answers
noah_doe_writer
Fri Dec 13 2024
When you earn 5 million yen from Bitcoin, the total tax amount will amount to approximately 704,000 yen.
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BlockchainBaronessGuard
Fri Dec 13 2024
This tax calculation applies specifically if your income is solely derived from virtual currency.
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EthereumElite
Fri Dec 13 2024
Earning profits from Bitcoin can lead to tax implications.
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CryptoKnight
Fri Dec 13 2024
For instance, if you make a yearly profit of 5 million yen from Bitcoin, you will be subject to an income tax rate of 20%.
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Nicolo
Fri Dec 13 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet services.
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