Japan Tax Deductions
Japan Tax DeductionsThe 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)||Comment|
|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".