The Japanese tax body has signaled an intention to tax non-fungible token (NFT) sales and the profits earned by crypto and blockchain gamers.
In an FAQ-type document released by the National Tax Agency (NTA), the body explained “guidelines” for tax officers dealing with NFT-related “cases” where taxes such as consumption tax (Japan’s equivalent of VAT) should be applied….
Read More: Japanese Tax Agency Wants to Tax NFT Sales and Crypto Gaming Profits
In an FAQ-type document released by the National Tax Agency (NTA), the body explained “guidelines” for tax officers dealing with NFT-related “cases” where taxes such as consumption tax (Japan’s equivalent of VAT) should be applied….
Read More: Japanese Tax Agency Wants to Tax NFT Sales and Crypto Gaming Profits
