Flat-Amount Tax Cut in Japan from June 2024 -Teigaku Genzei-

Aki Japan Tax Consultant Office | Income Tax, Corporate Tax, VAT Back | Flat-Amount Tax Cut in Japan from June 2024 -Teigaku Genzei-
Aki Japan Tax Consultant Office | Income Tax, Corporate Tax, VAT Back | Flat-Amount Tax Cut in Japan from June 2024 -Teigaku Genzei-

Author Aki Kojima

Certified Public Tax Accountant with an MBA, member of the Association of Micro M&A Professionals, and licensed real estate agent. I provide tax advisory services, asset management consulting, and support for business owners, freelancers, and sole proprietors. I have extensive experience in international sales, accounting, labor relations, recruiting, and IT management. In addition to my professional work, I write articles and books on taxation and financial education. I enjoy swimming, reading, photography, and spending time in nature with my two children.

Individual & Freelancers

July 12, 2024

August 2, 2024

Flat-amount Tax Cut Explained | flat amount cut

flat amount cut

This video explains the flat-amount tax cut (Teigaku Genzei[定額減税]) introduced in Japan starting June 2024. The flat-amount cut offers a reduction of 40,000 yen, with 30,000 yen deducted from personal income tax and 10,000 yen from resident tax.

Key eligibility criteria include

  • Having a dependent under 16
  • A sole income less than 20 million yen, additional incomes up to 1.85 million yen
  • You and your dependents must reside in Japan.
定額減税
定額減税（ていがくげんぜい）とは、所得税と住民税を一定の額で減税する措置である。定率減税と同じく、本則により算出された課税予定額から時限適用の条項に基づき算出された額を減額する減税方法である。 1998年（平成10年）度、橋本内閣において2回実施された。 2008年（平成20年）、公明党・上田勇衆議

Keyword

Flat-Amount Cut flat amount cut

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