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Japan
Overview
Last reviewed - 09 July 2024Japan, a nation in East Asia, is an archipelago of 6,852 islands in the Pacific Ocean. It is a constitutional monarchy, with Tokyo as its capital. The economy of Japan is the third largest in the world after the United States and the People's Republic of China. Japan's currency is the yen (JPY).
The PwC Japan group includes PricewaterhouseCoopers Japan LLC, PwC Consulting LLC, PwC Advisory LLC, PwC Tax Japan, PwC Legal Japan, and other related entities. Each entity is a member firm of the PwC global network in Japan, operating as a separate and independent legal entity. To address complex and diversified business challenges, PwC Japan consolidates the expertise of the assurance, advisory, and tax professionals working in these entities.
As a professional services firm with over 600 partners and staff, PwC Tax Japan provides assistance to clients with a variety of tax-related compliance and consulting services and has significant expertise and experience in global tax management, transfer pricing consulting, merger and acquisitions planning and execution, corporate recovery and reorganisation consulting, financial services and real estate consulting, and customs and indirect tax consulting.
Quick rates and dates
| Corporate income tax (CIT) rates | |
|---|---|
| Headline CIT rate (%) |
23.2 |
| Corporate income tax (CIT) due dates | |
|---|---|
| CIT return due date |
Within two months after the end of company's annual accounting period. |
| CIT final payment due date |
Within two months after the end of company's annual accounting period. |
| CIT estimated payment due dates |
Within two months after the end of the sixth month of the corporation's accounting period. |
| Personal income tax (PIT) rates | |
|---|---|
| Headline PIT rate (%) |
45, plus 2.1% surtax. |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
15 March |
| PIT final payment due date |
15 March |
| PIT estimated payment due dates |
31 July and 30 November |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
Consumption tax: 10 |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
Resident: 20 / 20 / 0; Non-resident: 15 / 20 / 20 |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
Capital gains are subject to the normal CIT rate. |
| Headline individual capital gains tax rate (%) |
Gains arising from sale of stock are taxed at a total rate of 20.315% (15.315% for national tax purposes and 5% local tax). Gains arising from sale real property are taxed at a total rate of up to 39.63% (30.63% for national tax purposes and 9% local tax) depending on various factors. |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
NA |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
55 |
| Headline gift tax rate (%) |
55 |
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