The Japanese tax authority has for the first time revealed the number of high-income taxpayers who declared cryptocurrency profits in the year 2017. Out of the total number of taxpayers with miscellaneous income of 100 million yen or more, excluding public pension, 60% of them reported income from crypto transactions.
Declaring Crypto Income
The Japanese National Tax Agency announced on Friday the number of people with 100 million yen (~US$ 914,000) or more miscellaneous income that includes income from cryptocurrency transactions, according to local media. Nikkei elaborated: