Basics of tax on crypto assets | Is QTA received for free taxable?

I'm sure many of you are wondering, "Do I have to pay tax on the QTA I received for free?" Organize your basic ideas. Please note that tax treatment differs depending on the situation, so please check with the National Tax Agency or a tax accountant for final information.

Profits from crypto assets are basically “miscellaneous income”

In Japan, profits earned from crypto assets are generally classified as miscellaneous income and are subject to tax. The basic break point is when you make a profit by selling or exchanging it for other currencies/products.

When received via airdrop

Tokens received for free may also be treated as taxable based on the market value at the time of receipt. Even if the amount is small, keeping a record of it will save you trouble later.

keep records

Make a note of when and how much money you received, and when you bought, sold, or exchanged it. Transaction history is useful when filing tax returns.

If in doubt, consult an expert

Tax treatment differs from person to person. If the amount is likely to be large or you are unsure, it is best to check with a tax accountant or the National Tax Agency. This article is for general information and does not constitute tax advice.

Steps to receive 100 QTA for free

To register, simply proceed with Telegram, Quantarium Wallet, QRChat, and JapanQ in order. For detailed instructions with an actual smartphone screen,Registration guide to receive 100 QTA for freeIt is summarized in The number of free tickets (currently 100) is expected to decrease to around 50 in the future, so if you are interested, we recommend registering early.

*This article contains referral links. Crypto assets are subject to large price fluctuations, and there is no principal guarantee. Price forward-looking statements are not forward-looking statements and do not constitute investment advice. First of all, please decide what you can do for free based on your surplus funds.