Japanese income tax consists of National and Local taxes. Consult the English page of National Tax Agency for details. The Income Tax Guide for Foreigners provides a comprehensive description of the tax system. The national tax rate ranges from 5% to 40% depending on your taxable income (TI) after various exemptions.
Here is an example. If your monthly salary is 500,000yen (annual salary of 6,000,000yen) and your family structure (tax deductible dependents) is as follows:
- A spouse with no income and two children: Around 15,000yen for National tax and 18,000yen for Local tax per month.
- A spouse with no income and no children: Around 15,000yen for National tax and 24,000yen for Local tax per month.
- You are sigle with no dependents: Around 19,000yen for National tax and 27,000yen for Local tax per month.
The consumer tax (equivalent of sales tax in the US, VAT in Europe) is charged at a fixed rate of 5%, the lowest among developed nations (excluding Monaco).
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