Japanese Property Glossary
Corporate Tax
In Japan, companies and organizations are required to pay Corporate Tax(法人税)on their income. In real estate transactions, corporations are also required to pay corporate tax when buying or selling properties. The tax is calculated based on the company’s earnings, so the more profit a business makes, the more tax it has to pay. This tax is paid to the national government and is an important part of the financial responsibilities for companies in Japan. Additionally, it may change with tax reforms.
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