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Japanese Tax Body Updates Crypto Guidelines for Staking and Lending, but Not NFTs
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Japan’s tax body – the National Tax Agency – has updated its crypto FAQs, addressing issues including staking and crypto lending. But the body has made no mention of non-fungible tokens (NFTs) or token airdrops – a sign that it does not currently consider NFT trading or airdrops taxable.
Per CoinPost, the agency (known as the NTA) updated its FAQs on December 22 to add new sections pertaining to “profits earned from” staking and lending coins. It remarked that when making tax calculations – which need to be made in fiat yen – it is important that crypto investors make a note of the market price of coins at the time of acquisition.
The revised FAQs explain that the same rules should apply to staking and lending as already apply to crypto
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