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What is the taxation like in Japan? Do they have an income tax? And how much percant on the salary is it? And what else type of taxation should you know about if you would move to Japan to work.
Jan 14, 2011 4:22 PM
Answers · 2
Actually, if you work for a company in Japan, you don't need to worry about taxation at all. They usually withdraw income tax"shotokuzei", health insurance "kenko-hoken" and pension"nenkin" premiums from your monthly salary. At the end of the fiscal year, the company will do the tax return thing, like calculation and filing, for you. The percentage of taxation differs depending on how much you earn. It should be less than 30%, but I don't know exactly. Life insurance premium and mortgage interest are tax deductible.
January 14, 2011
Income tax is quite low there. But in addition to federal income tax, there is local income tax payable to the borough., which is the same amount again. At the end of the year, there are special tax offices open for people to do their tax returns. They are extremely helpful and will help you get all the tax back that you should.
January 15, 2011
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