Hi. Here is 3 things about income tax you should know when you invest in real estate in Japan.
No.1: you have a basic deduction of 450,000 yen for income tax.
No.2:income tax is decided on the progressive rate.
if your annual income is below 1.94M yen, the income tax rate is 5% as shown in the table
No.3:How to calculate for the income tax amount is that your income after deducted all expenses minus basic deduction times tax rate of your income.
(Income after deducted all expenses – basic deduction) x tax rate of your income level
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