TAX NATIVES
GLOBAL
Japan
Last Updated 11/11/2024
AT A GLANCE
Japan is made up of almost 7000 islands in the Pacific Ocean. With Tokyo as its capital, Japan is a constitutional monarchy, and Japanese is the main language. Its economy is the third largest in the world and its official currency is the yen (JPY).
Japan runs a highly-developed free-market economy and is a member of the G7 and G20. Japan’s major export industries are automobiles, electronics, computers, semiconductors, copper, iron, and steel. Other key industries include petrochemicals, pharmaceuticals, bioindustry, shipbuilding, aerospace, textiles, and processed foods.
Our local Tax Natives in Japan can tell you everything you need to know about the ins and outs of your tax obligations there. Whether you’re buying a single property, or doing complex business deals, we’ll get you the advice you need. Just say the word and we can link you with a local expert who can answer all your questions.
THE HEADLINES
- The corporate income tax rate in Japan is 23.2%
- The rate of personal income tax in Japan is up to 45%, with a 2.1% surtax
- The standard VAT (consumption tax) rate is 8%
Tax experts in the region
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