Tokyo business tax rates and 2016 tax reform in Japan | KPMG | GLOBAL

Japan: Tokyo business tax rates, and 2016 tax reform

Tokyo business tax rates

An ordinance relating to Tokyo metropolitan taxes, issued 31 March 2016, will amend the Tokyo business tax rates for taxpayer companies that are subject to “size-based” business taxes (broadly, companies with stated capital exceeding JPY100 million).


Related content

The Tokyo business tax rates that would apply for fiscal years beginning on or after 1 April 2017 have not yet been determined—the amendments are scheduled to be proposed in the second ordinary session or later ordinary sessions of fiscal year 2016 by the Tokyo metropolitan assembly.  Still, the effective corporate tax rates (based on standard tax rates and the Tokyo business tax rates) under Japan’s 2016 tax reform—i.e., the 2016 tax reform bills passed by the National Diet on 29 March and the amended tax laws promulgated on 31 March 2016—will be reduced. 


Read an April 2016 report [PDF 166 KB] prepared by the KPMG member firm in Japan: 2016 Tax Reform – Tokyo Business Tax Rates

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal