Metaplanet has completed the PFIC assessment and is expected not to constitute PFIC in 2025.

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PANews, July 29 news, Simon Gerovich, CEO of the Japanese listed company Metaplanet, stated on the X platform that Metaplanet has completed the PFIC (Passive Foreign Investment Company) assessment with top legal and tax advisors in the United States. Based on the company's current structure and operational situation, Metaplanet expects not to be classified as a PFIC for the fiscal year 2025, and under the premise of maintaining its existing structure and business model, it is also unlikely to constitute a PFIC in the future. This conclusion applies only to Metaplanet, and specific circumstances should be combined with the company's actual operations and asset structure. PFIC refers to "Passive Foreign Investment Company," which mainly affects the tax treatment of stock in foreign companies held by U.S. taxpayers.

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