Japanese Personal Tax: False Income And Sentence, The Highest Tax Rate Is 50%.

　　 Individual tax reform This is a recent hot topic, like personal tax. Threshold It has caused many discussions. Let us see how the foreign tax is imposed. 　

Japan levying a tax on income from wages, real estate and stock and so on by the central government and local governments. In 2009, the Japanese taxpayers (including corporate income tax) accounted for 63 million 850 thousand people, accounting for 50% of the total population, and the central government personal tax accounted for 33.8% of the total revenue.

Since 1947, the central government of Japan has introduced an independent taxation system for the collection of personal taxes, which is calculated by taxpayers themselves. According to the Japanese tax law, the employer has the obligation to collect tax on behalf of the state. The employer must withhold the employee's personal tax when the monthly salary is paid, and hand it over to the tax department 10 days before next month. For families with an annual income of less than 20 million yen, if there is no other income, personal tax is deducted on a monthly basis, no annual tax declaration is required.

When the individual tax is declared, a certain allowance is granted according to the number of family members, and each family member can enjoy a allowance of about 380 thousand yen. Family income minus tax allowance, deducting social security payments and Medical care Part of the cost is personal income. The remaining income is taxable income. For Japanese residents, the income is not limited to the Japanese mainland, but the total income of the rest of the world. Foreigners working in Japan only levy taxes on their income in Japan, and the tax rate for foreigners is 20% proportional tax.

In addition, Japan The local government also levies a personal tax at a rate of 10%, so that the maximum marginal tax rate of the Japanese personal tax should exceed 50%.

Japan also levying a tax on capital income. The real estate short-term trading income tax rate is 39%, the long-term trading income tax rate is 20%, and the stock return tax rate is 10%-20%.

In addition to individual tax, Japan also has a social security tax, which is shared between employers and employees. Employers pay 13.255% of their wages and 13.375% of their salaries. If the social security tax is added, the personal tax rate is 28.375%-63.375%.

Japan severely punished the delay in tax declaration (March 15th deadline) or the fraud in the declaration. The penalty for less than 2 months is 4.3%, and the penalty rate is 14.6% over 2 months. The amount of tax declared on time is insufficient, and the penalty tax is 10% or 15%. Overtime tax is insufficient, and the penalty tax is 15% or 20%. There are tax evasion on schedule. Penalties are 35%, deferred tax returns and penalties 40%. In 2009, 210 taxpayers were prosecuted for tax evasion. The average person was sentenced to 14.6 months' imprisonment.