Survey Overview
JinaCoin, a cryptocurrency news media outlet operated by jaybe Inc. (Headquarters: Takamatsu, Kagawa; CEO: Takayuki Mizusawa), conducted an internet survey on cryptocurrency tax reform and investment behavior among 351 residents in Japan aged 20 or older.
Currently, Japan is considering a policy to transition cryptocurrency transactions from a maximum 55% comprehensive tax rate to approximately 20% separate self-assessment taxation starting in 2028.
Key Findings
- The top expectation for tax reform is a "reduction in tax rate" (51.1%). - If the tax rate reaches 20%, 31.9% of all respondents would "prioritize crypto assets over stocks or investment trusts." - Among those holding between 500,000 and 1 million JPY in crypto, 76.2% would "prioritize crypto over stocks or investment trusts."
Expectations for Tax Reform
When asked about their primary expectation for tax reform, 51.1% (179 people) cited "tax rate reduction (20%)." This was followed by "simplification of tax filing" at 12.8% (45 people), indicating a strong demand for both lower taxes and reduced administrative burdens.
Investment Intentions at 20% Tax Rate
When asked if they would prioritize crypto assets over stocks or investment trusts if the tax rate is reduced to 20%, 31.9% of respondents answered they would. An equal percentage (31.9%) were undecided.
Investment Intentions by Holding Amount
By holdings, 76.2% of individuals with 500,000 to 1 million JPY in crypto assets responded they would "prioritize crypto assets," showing a high level of proactive investment intent.
FACT BOX
- Source: PR TIMES
- Category: Survey
- Products / services: JinaCoin