26/05/2026
Taxes Down Due to Tax Reforms?
Tax law reforms providing for income tax cuts for the 2026 tax year are set to be passed by the Diet shortly.Here, we’ll briefly explain what’s changing. *In the following explanation, “net income” refers to the amount remaining after deducting expenses from revenue for self-employed individuals, and the amount remaining after deducting special deductions such as the salary income deduction from annual income for salaried employees and pension recipients....
Tax law reforms providing for income tax cuts for the 2026 tax year are set to be passed by the Diet shortly.Here, we’ll briefly explain what’s changing. *In the following explanation, “net income”…