Taxes · 🇯🇵 Japan
Crypto and tokenized asset taxes in Japan
Crypto gains are miscellaneous income taxed at progressive rates up to about 55%; a separate flat 20% tax for registered crypto assets is legislated but starts only by Cabinet order, likely January 2028.
Also in: ja
Crypto
Gains
Progressive, up to ~55% incl. local tax (miscellaneous income); flat 20% (+0.315% reconstruction tax) legislated, likely from 2028
Tax-free allowance
Employees with one salary generally need not file if other income (incl. crypto) is ≤ JPY 200,000 (national tax; local tax still applies)
Losses
Today: miscellaneous-income losses cannot offset other income types and cannot be carried forward. New regime: 3-year loss carry-forward within the crypto category; losses realised before the switch cannot offset new-regime gains
Also
Crypto-to-crypto swaps and paying with crypto are taxable disposals. The flat 20% will apply only to 'specified crypto assets' traded via registered operators; other tokens and venues keep progressive taxation. FY2026 tax law promulgated 31 March 2026; FIEA amendment passed 15 July 2026; crypto provisions start on a date set by Cabinet order.
Income and tokenized assets
Staking, lending, yield
Crypto received from staking, lending or mining is miscellaneous income at market value when received, taxed at progressive rates. NFTs/FTs exchangeable for value are taxable on transfer (NTA Tax Answer 1525-2).
Tokenized stocks, bonds, funds
No single NTA guidance for security tokens found. Security tokens issued under the Financial Instruments and Exchange Act are financial instruments, so in principle they follow the tax rules of the underlying right (e.g. shares/bonds at 20.315%) rather than crypto rules; this depends on legal form and is not confirmed for each product type. Foreign tokenized stock trackers have no specific guidance.
Filing
Tax year
Calendar year; return due 15 March of the following year
Reporting
Self-assessed return by 15 March. CARF applies from 1 January 2026 (operators collect data; first exchange of information in 2027). Under the new regime, operators will report customer My Number and trades by 31 January after each year, starting one year after the tax takes effect.
Tax authority
Watch out
- Gains realised before the switch stay in progressive taxation up to ~55%
- The 20% rate covers only registered-operator tokens, not DeFi or foreign platforms
- Pre-switch losses will not offset gains under the new regime
- Start date still depends on a Cabinet order
Sources
- NTA – Tax Answer 1525-2 (NFT/FT) · nta.go.jp
- NTA – crypto tax FAQ (PDF) · nta.go.jp
- NTA – CARF overview (EN) · nta.go.jp
- Yamada & Partners – FY2026 reform: separate taxation of crypto · yamada-partners.jp
- CryptoSlate – FIEA bill passed, tax start · cryptoslate.com
- The Block – Japan passes key bill · theblock.co
- PwC Tax Summaries – Japan income determination · taxsummaries.pwc.com
Not confirmed
- Exact start date of 20% regime (Cabinet order; Jan 2027 possible if FIEA enforcement is in 2026, otherwise Jan 2028)
- Tax treatment of each security-token type (real-estate ST, tokenized bonds)
- JPY 200,000 no-filing rule is the general rule, not re-checked for 2026
- Existing summary correct; can add: law now passed (no longer only 'planned'), 20% limited to registered-operator tokens
Researched 2026-11-01 for private individuals resident in Japan. Information, not tax advice — rules change; check the tax authority before you file.