Virtual currency tax in Japan

1. According to the official reply of the State Administration of Taxation on the issue of indivial income tax on the income of indivials from buying and selling virtual currency through the Internet (GSH [2008] No. 818), the income obtained by indivials from purchasing players' virtual currency through the Internet and selling it to others after price increase belongs to the taxable income of indivial income tax, The indivial income tax shall be calculated and paid according to the item of "income from property transfer". The original value of an indivial's property in selling virtual currency is the price and related taxes paid for his purchase of network virtual currency. If an indivial is unable to provide evidence of the original value of his property, the original value of his property shall be verified by the competent tax authorities.

2.

Japan is also the first country in the world to legislate on virtual currency. Just in April last year, Japan's "change of capital payment law" was formally established. Virtual currency is defined as having the function of currency and can be used for monetary payment. Moreover, some time ago, the tycoons of the domestic currency circle also went to Japan one after another to learn from Japan

Finally, the popularity of virtual currency in Japan is also the intentional guidance of the Japanese government. The emergence of virtual currency gives the Japanese government a new "future". The Japanese government hopes to establish a monetary system independent of the U.S. regulation through virtual currency, so as to revive its so-called great power status

however, we should also see that Japan's too loose virtual monetary environment has also led to many negative problems. For example, the frequent theft of virtual currency makes the Japanese government have to intervene in the asset security of the virtual currency market. As a result, Japan has strengthened the supervision of virtual currency, and the virtual currency market has become a bit quiet - exchanges such as hotcoin and BIGone have even given up Japanese language services

3. This is certainly unreasonable. Virtual currency generally does not need to pay tax. If you pay this tax, it is not equal to your original value. It will be very expensive and not cost-effective

4. Really? But it's basically the smallest denomination. It's equivalent to 50 yuan.

5. Recently, the yen exchange rate fluctuated around 5, so the exchange rate is about 100 yuan

6. I don't understand the exchange rate 71. Now the exchange rate of the Bank of China is RMB / yen = 6.1/100

so the 1700 yen thing + 8% consumption tax is 1700 + 136 = 1836 yen
converted into RMB is 1830 / 100x6.1 = 112 yuan
so you want to buy this thing converted into people's currency is 112 yuan
some shopping malls have their passports, foreigners can be ty-free, you can pay attention to it

7. 500 yen has not reached the starting point of tariff, so there is no need to pay tariff.

8. Whether to use cash or bank card, whether the bank card has a service charge, what channel to go, the settlement date depends on the exchange rate, and whether the tax is 8%
whether the goods are taxed or refunded later, they will be given as much as they are quoted

9. If you collect taxes through the customs, you will be charged 10% ~
taxes: 1200 * 10% = 120RMB
if you have time, you can go for a tour [Huzhu square] and have a look. They are all Chinese in Japan. I hope they can help you!

10. According to Annex 2 of the notice of the Ministry of Finance and the State Administration of Taxation on bringing the railway transportation and postal instry into the pilot project of replacing business tax with value-added tax (CS [2013] No. 106):

"provisions on matters related to the pilot project of replacing business tax with value-added tax": "I. (IX)" applicable tax rate for withholding value-added tax. If an agent or receiver in China withholds value-added tax for an overseas unit or indivial, the value-added tax shall be withheld at the applicable tax rate. " The tax rate of withholding VAT on design fee is 6%