Table 1 Overview on the Japanese tax system
From: Regional economic effects of renewable energies - comparing Germany and Japan
National taxes | Regional taxes | |||
|---|---|---|---|---|
Prefecture | Municipality | |||
Personal income tax (percent of taxable income) | 20% | Personal income tax | ||
Corporate tax (percent of taxable income) | 18% | Residential tax (minimum rate in JPY)* | 1,000 | 3,000 |
Residential tax (percent of taxable income) | 4% | 6% | ||
Corporate income tax | ||||
Local business tax (percent of taxable income/not applied to system operator) | 4% | |||
Electric utility tax (percent of revenue of system operator) | 0.7% | |||
Special regional corporate tax for electric utilities (percent of electric utility tax) | 81% | |||
Residential tax (minimum rate in JPY)** | 20,000 ~ 50,000 | 50,000 ~ 150,000 | ||
Residential tax (percent of taxable income) | 5% | 12.3% | ||
Asset-based tax | ||||
Operator fixed asset tax (percent of depreciated, registered asset value) | 1.4% | |||
Consumption-based tax | ||||
Operator consumption tax (percent of value-added) | 0.5% | 0.5% | ||