Japan Tax Deductions
Japan Tax Deductions
The tax system in Japan permits tax relief both in the form of a deduction that reduces the taxable income and in the form of a direct deduction from the amount of tax payable (tax credit).Table of Deductions / Credits for an Individual
| Type of Relief | Amount (Yen) | |
|---|---|---|
| Basic deduction | 480,000 | |
| Deduction for spouse | 480,000 | For income up to 10 million |
| Deduction for dependent relative | 480,000 | For one dependent |
| Deduction of medical expenses | Up to2 million, subject to terms. | |
| Deduction for social security | any amount paid | |
| Deduction for life insurance/pension | As defined by law |
Comment: In regard to the above forms of relief, that relate to income tax, there is additional relief, in lesser amounts, in all that is concerned with "Inhabitant Tax".