National corporation tax

This is a national tax levied against profit after subtracting expenses (they will not be levied when loss is incurred) and through self-assessment. Due to the economic situation of Japan, the government has modified the fiscal legislation several times the past few years. Lowering the corporate taxation rate has been an important aspect of the growth strategy of the present government, while at the same time broadening the tax base.  For SMEs in Japan, a special reduced rate of 15% (instead of the regular 19%) has been in place during the last years. 


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