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Taxation in Japan is based primarily upon a national income tax (所得税 （ しょとくぜい ）) and a (住民税 （ じゅうみんぜい ）) based upon one's area of residence. [1] There are consumption taxes and excise taxes at the national level, an enterprise tax and a vehicle tax at the prefectural level and a property tax at the ...
The list focuses on the main types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance tax. Personal income tax includes all applicable taxes, including all unvested social security contributions.
Japan's income tax year is 1 January to 31 December, [37] but corporate tax is charged according to the corporation's own annual period; [38] most Japanese corporations elect their annual period to follow the government fiscal year (1 April to 31 March).
Japan unveiled tax measures on Thursday aimed at encouraging companies to spend their cash piles on start-ups and other investments and stimulating a slowing economy, while also helping firms to ...
Japan relies on the self-assessment along with withholding tax system with respect to specific income and blue return systems. The due date for payment of 2011 income tax is Thursday, March 15, 2012. The due date for payment of 2011 income tax is Thursday, March 15, 2012.
Japan's Prime Minister Fumio Kishida said Monday he is preparing to take bold economic measures, including an income tax cut for households hit by inflation and tax breaks for companies to promote ...
Tax rates vary by jurisdiction and some countries have sub-country level jurisdictions like provinces, cantons, prefectures, cities, or other that also impose corporate income tax like Canada, Germany, Japan, Switzerland, and the United States. [29] Some jurisdictions impose tax at a different rate on an alternative tax base.
The tax percentage for each country listed in the source has been added to the chart. According to World Bank , "GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.