Taxes for individuals or natural persons in Japan

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In order to have a completely positive experience living abroad, it is essential to research the financial legality of the country. In this way, you will comply with each of the taxes that the Japanese government has established, both for companies and individuals. In this blog, we have collected all the information you need about taxes in Japan.

Taxes in Japan
The financial system of this country is bangladesh phone number library somewhat complex, as it covers different levels of taxation applied to all individuals, foreigners and nationals. People who choose Japan as their new residence are of different types: students, workers, digital nomads , retirees, among others. All of them, like the Japanese, are subject to taxation that includes: income tax, consumption tax (VAT) and social contributions, as well as local and property taxes . We will detail each of these taxes in Japan along with their updated rates and practical examples so that you have a clearer view of your tax obligations.

Income tax
It is one of the main taxes in Japan for individuals and has a progressive system . This means that the tax rates will increase as the taxpayer's income increases. Income taxes the income received during a fiscal year, including wages, investment income, pensions and other sources of personal income. It is divided into two sections.