Japan’s National Tax Agency reports 4.6 billion yen tax recovery from cryptocurrency investigations in fiscal year 2024, up over 30% year-on-year

The Japanese National Tax Agency conducted 613 investigations related to cryptocurrency transactions resulting in a recovery of around 4.6 billion yen, a significant increase of 31.4% year-on-year.

Current investigations emphasize accuracy in profit and loss calculations, completeness of records, and various transaction types, such as DeFi and airdrops.