Cryptocurrency

Japanese National Tax Agency’s Tax Audits: Cracking Down on the Sharing Economy and Cryptocurrencies

The Japanese National Tax Agency (NTA) has significantly ramped up its tax investigations, especially in emerging sectors like the sharing economy and cryptocurrencies. But how intense is this crackdown, and what does it mean for taxpayers in these fields? Let’s break down the trends. Tax Audits Double: A Closer Look at the Numbers From fiscal years 2020 to 2022, the NTA’s on-site investigations nearly doubled, rising from 24,000 to 46,000. This sharp increase is...