Supporting tax returns for employees of Web3 and crypto asset-related companies – Cryptact provides corporate welfare plans | CoinDesk JAPAN

Pafin, which operates Cryptact, an automatic profit and loss calculation service for crypto assets (virtual currency), supports employees of Web3 and crypto asset-related companies in filing tax returns regarding crypto asset transactions.

Pafin announced on February 6th that it has started offering a welfare plan for Web3 and crypto asset-related companies that allows employees to use Cryptact at a special discount as part of their welfare system.

According to the release, the number of crypto asset trading accounts will increase by 16% from the previous year to approximately 6.8 million as of the end of fiscal 2022, and the number of active accounts will increase by 40% from the previous year (data from the Japan Crypto Asset Trading Association). ). On the other hand, the number of people who declared income related to crypto asset trading in their tax returns remained at 82,000 in 2021 and 35,000 in 2022.

Filing a final tax return requires complex management and procedures, such as organizing all transactions and understanding annual profits (or losses). At Web3 and other crypto asset-related companies, there are many cases where employees are involved in crypto asset transactions as part of their work, and the company has created a benefit plan to help employees file tax returns without any burden. It says it has started.

｜Text: CoinDesk JAPAN Editorial Department
｜Image: From the release