Article 119-5Statutory Valuation Method for Cryptoassets

①The method specified by Cabinet Order prescribed in Article 48-2, paragraph (1) (Calculation of Costs of Cryptoassets Transferred and Valuation Methods) of the Act is the valuation method using the acquisition price calculated by the total average method set forth in Article 119-2, paragraph (1), item (i) (Valuation Methods for Cryptoassets).

②In the case where a Resident did not make a valuation by the valuation method the Resident selected for cryptoassets (including the valuation method prescribed in the preceding paragraph that a Resident who has not notified a valuation method is to use; the same applies hereinafter in this paragraph), if a district director finds that the valuation method the Resident used falls under a valuation method prescribed in Article 119-2, paragraph (1) other than the valuation method the Resident selected, and that the Resident's amount of business income or amount of miscellaneous income for each year can be properly calculated even by the valuation method the Resident used, the district director may make a Reassessment or determination on the basis of the amount of business income or amount of miscellaneous income for each year calculated by the valuation method the Resident used.