Japan published the amendment laws, Cabinet orders, and ministerial ordinances for the 2025 tax reform in Special Issue No. 8 of the Official Gazette on 31 March 2025. Some of the main measures are summarized as follows:
- Personal Income Taxation:
- Increase the basic income tax deduction by JPY 100,000, from a maximum of JPY 480,000 to a maximum of JPY 580,000;
- Increase the minimum guaranteed amount for employment income deduction by JPY 100,000, from JPY 550,000 to JPY 650,000; and
- Establish…