Japan’s National Tax Agency’s KSK2 system is officially launched and will strengthen the identification of underreporting of crypto-asset declarations

The Japanese National Tax Agency has officially launched the new generation core tax system KSK2 on September 24, which will integrate data and applications that were originally decentralized management according to different tax types to strengthen tax information analysis and declaration verification. CoinPost cited tax agency information as saying that annual transaction reports, bank funds records and foreign tax information exchange data provided by crypto-asset exchanges can be used to identify potential reporting omissions for crypto-asset transactions. The Japanese National Tax Agency officially confirmed that KSK2 had completed the system update on September 24, but the announcement did not specifically disclose the AI ​​analysis rules for crypto assets. (CoinPost)