/ Nov 15, 2016

Government panel calls for review of spousal tax break

A government advisory panel has recommended reviewing the spousal tax break, while stopping short of presenting any specific proposals. It is "appropriate" to review the tax break, the Tax Commission said in a report released Monday. Under the current system, ¥380,000 can be deducted from taxable ...

Dec 9, 2013

Ruling bloc set to hike taxes on high earners

The Liberal Democratic Party-led government is in final talks to raise tax payments for employees who earn more than ¥12 million a year, by trimming tax credits. In its tax reform outline expected later this week, the government will propose raising the income and residential ...