Frequently asked questions about taxes in Japan

[aburaihan66]

Pension contributions : For residents, contributions to public pensions are fully deductible from the tax base.
Health Insurance : Health insurance premiums, which are mandatory for all workers and residents, are also deductible.
Mortgage expenses : If you purchase a home in Japan with a mortgage, you can deduct the interest paid throughout the tax year.

Income tax exemptions : Foreigners can belarus phone number library benefit from a temporary exemption of up to five years on income earned outside Japan.
Special Economic Zones : deductions to promote foreign direct investment (FDI) and stimulate development in certain geographic areas. Benefits include reduced tax rates, exemption from paying property taxes for a certain period of time, and tax credits for companies that invest in technological innovation and research activities.
Now that you know your tax obligations in Japan, whether as an individual or a company, all you have to do is pack your bags and enjoy this new adventure. Here is a post about the best time to travel to Japan so you can choose the perfect season to make your move. The land of the rising sun awaits you! Sayonara.

What kind of taxes do individuals have to pay in Japan?
Residents of Japan must pay income tax, consumption tax, property tax, and social security contributions, among others. These taxes depend on the income level and region of residence.