Ministry of Finance Denies Tax Report on Overseas Coin Exchange Stock Futures

The Ministry of Finance has stated that reports claiming that perpetual futures linked to U.S. stocks traded on overseas virtual asset exchanges will be classified as derivatives and taxed are not true. In a press release on the 3rd, the ministry said, "Reports that perpetual futures traded on overseas digital asset exchanges will be taxed as derivatives are not true." Earlier, a media outlet reported on the 2nd that the ministry was pushing to classify perpetual futures linked to U.S. stocks traded on overseas digital asset exchanges as overseas stock derivatives, making them subject to capital gains tax. According to the report, there was consideration of imposing an 11% capital gains tax on profits made from investing in perpetual futures linked to U.S. stocks through overseas digital asset exchanges. However, the ministry clarified that such a tax policy has not been decided. The ministry emphasized, "There has been no determination regarding the taxation of products traded on overseas digital asset exchanges, so please be cautious with reports."

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