On 4 February 2025, Japan's Ministry of Finance published laws submitted in the 217th session of the National Diet (parliament), including the draft tax reform bill for 2025 and related documents. Some of the main measures of the bill 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...