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Japan Looks at Corporate Crypto Tax Breaks to Entice Startups: Report
Two crypto lobby groups recently asked the government to reform crypto tax laws in the country, where investors can pay up to 55% on capital gains.
Updated May 11, 2023, 6:14 p.m. Published Aug 26, 2022, 10:10 a.m.
Japan is set to review existing corporate crypto tax rates in an effort to entice startups to remain in the country, local news outlet Yomiuri reported on Wednesday.
- Japan's financial services agency (FSA) and the ministry of economy, trade and industry are considering a tax reform proposal for 2023 that could exempt crypto startups that issue their own tokens from paying taxes on unrealized gains.
- Under the current system, startups that issue their own tokens must pay taxes on unrealized gains for the tokens they might be holding on to because the company's holdings are taxed based on the market value at the end of the taxation period, according to Yomiuri.
- The potential tax reduction is aimed at encouraging startups to remain in Japan. CoinDesk reported in December 2021 that heavy tax burdens may be causing crypto firms to quit the country altogether.
- Japanese lawmaker Taira Masaaki appeared to confirm the tax review on Twitter.
- Earlier this month, two crypto lobby groups in the country, the Japan Crypto-Asset Business Association (JBCA) and the Japan Crypto-Asset Exchange Association (JVCEA), asked the government to consider lowering crypto taxes, including a proposal for a 20% capital gains tax for retail investors.
- Currently, investors in Japan are taxed up to 55% on capital gains.
Read more:Japan’s Taxes on Crypto Firms Are Leading Some to Leave the Country
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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