Japan Declares Sale of Bitcoin Exempt from Consumption Tax

Japan Declares Sale of Bitcoin Exempt from Consumption Tax

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Source:Source: news.bitcoin.com

March has been a busy month for Bitcoin in Japan. The country officially recognizes Bitcoin as a method of payment today. While Japan prepares to recognize the digital currency, its long-awaited tax reform bills have also been passed this week. One area the bills address is the consumption tax treatment of digital currencies including bitcoin.

Also read: How Japan Prepares to Recognize Bitcoin as Method of Payment on April 1

Japan’s Consumption

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The post "Japan Declares Sale of Bitcoin Exempt from Consumption Tax" appeared first here news.bitcoin.com

Source: news.bitcoin.com

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