Japan how to cash out without paying taxes?
There is currently no way of avoiding paying crypto taxes in Japan. However, it is possible to route your crypto to a country with very low or no crypto taxation to cash out. This approach is an easy and legal way to reduce the cost of cashing out your cryptocurrency.
In Japan, cryptocurrency is treated as property and is subject to taxation as Miscellaneous Income, in accordance with the Payment Services Act (PSA) and the Financial Instruments and Exchange Act (FIEA).
Below are the income tax rates on your cryptocurrency, not including the 10% local flat tax rate.
| Taxable income (YEN) | Tax rate (%) | Deduction | Tax on Column 1 (JPY) | |
| Over (Column 1) | Not over | |||
| 0 | 1,950,000 | 5 | 0 | 0 |
| 1,950,000 | 3,300,000 | 10 | 97,500 | 97,500 |
| 3,300,000 | 6,950,000 | 20 | 427,500 | 232,500 |
| 6,950,000 | 9,000,000 | 23 | 636,000 | 962,500 |
| 9,000,000 | 18,000,000 | 33 | 1,536,000 | 1,434,000 |
| 18,000,000 | 40,000,000 | 40 | 2,796,000 | 4,404,000 |
| 40,000,000 | 45 | 4,796,000 | 13,204,000 |
Resource: https://koinly.io/guides/crypto-tax-japan/
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