Income Tax Rates Japan

This page provides japan personal income tax rate actual values historical data forecast chart statistics economic calendar and news.
Income tax rates japan. Personal income tax rate in japan averaged 51 65 percent from 2004 until 2019 reaching an all time high of 55 95 percent in 2016 and a record low of 50 percent in 2005. Generally in japan the local inhabitant s tax is imposed at a flat rate of 10. Taxable income tax rate less than 1 95 million yen 5 of taxable income 1 95 to 3 3 million yen 10 of taxable income minus 97 500 yen 3 3 to 6 95 million yen 20 of taxable income minus 427 500 yen 6 95 to 9 million yen 23 of taxable income minus 636 000 yen 9 to 18 million yen. Japan has a bracketed income tax system with six income tax brackets ranging from a low of 5 00 for those earning under 1 950 000 to a high of 40 00 for those earning more then 18 000 000 a year.
The rate of income tax paid in japan depends on the amount of taxable income earned. The surtax is comprised of a 2 1 tax that is assessed on an individual s national income tax. Exemptions and relief are granted for dependents insurance premiums medical expenses and business expenses for self employed people. Japanese local governments prefectural and municipal governments levy local inhabitant s tax on a taxpayer s prior year income.
How does the japan income tax compare to the rest of the world.