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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