Japan Income Tax Kpmg

1 corporate income tax 3 1 1 general information 3 1 2 determination of taxable income and deductible expenses 8 1 2 1 income 8 1 2 2 expenses 9 1 3 tax compliance 11 1 4 financial statements accounting 13 1 5 incentives 15 1 6 international taxation 2.

Japan income tax kpmg. Head of tax kpmg in japan kpmg tax corporation tokyo yuichi has been advised various multinational companies for international corporate tax. The content will be updated regularly. Tax developments in response to covid 19 general information this page offers an overview of tax developments being reported globally by kpmg member firms in response to the novel coronavirus covid 19. Indirect tax rates individual income tax rates employer social security rates and employee social security rates and you can try our interactive tax rates tool to compare tax rates by country jurisdiction or region.

I income tax calculated based on national corporation tax from 12 9 percent to 16 3 percent ii a per capita tax as an illustrative example a tokyo company with stated capital of greater than jpy 100 million will have an effective tax rate of 33 06 percent. Japanese local governments prefectural and municipal. Kpmg s individual income tax rates table provides a view of individual income tax rates around the world. Taxnewsflash global the latest tax developments being reported by kpmg firms from around the globe legal.

Japan extended tax filing deadline other government steps due to covid 19 japan extended tax filing deadline other government many of these measures pertain to calling on people to work from home cancelling postponing large crowd events activities hygiene and safety recommendations and closing of schools. 81 3 6229 8000 fax. All information contained in this publication is summarized by kpmg tax corporation the japan member firm affiliated with kpmg international cooperative kpmg international a swiss entity based on the japanese individual income tax law the. Data is also available for.

Local income taxes generally in japan the local inhabitant s tax is imposed at a flat rate of 10. Kpmg s corporate tax rates table provides a view of corporate tax rates around the world. Kpmg tax corporation either through your normal contact at the firm or using the contact details shown below. The surtax is comprised of a 2 1 tax that is assessed on an individual s national income tax.

Corporate tax rates indirect tax rates employer social security rates and employee social security rates and you can try our interactive tax rates tool to compare tax rates by country jurisdiction or region.