Share This Article
|
Japan published the amendment laws, Cabinet orders, and ministerial ordinances for the 2025 tax reform in Special Issue No. 8 of the Official Gazette on 31 March 2025. Some of the main measures are summarized as follows: Personal Income Taxation: Increase the basic income tax deduction by JPY 100,000, from a maximum of JPY 480,000 to a maximum of JPY 580,000; Increase the minimum guaranteed amount for employment income deduction by JPY 100,000, from JPY 550,000 to JPY 650,000; and Establish a special deduction for parents, allowing an income deduction of JPY 630,000 for college-age children between 19 and 22...
Unify Processes
Simplify Compliance
Empower Your Team