Japan's National Tax Agency launches KSK2 tax system to strengthen verification of cryptocurrency asset declarations

The Japanese National Tax Agency launched the new generation core tax system KSK2 on September 24th, integrating dispersed data and applications to enhance tax information analysis and declaration verification. The annual trading reports of cryptocurrency exchanges, bank fund records, and overseas tax information exchange data can be used to identify potential declaration omissions in cryptocurrency trading. The Japanese National Tax Agency confirmed that KSK2 completed the system update on September 24th.