Japan: Proposed local tax rates for Tokyo, effective April 2017

Proposed tax rates for Tokyo

Tokyo's metropolitan government on 25 May 2016 released its proposal for the local tax rates—including business tax rates and inhabitant tax rates—for fiscal years beginning after 1 April 2017.

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Proposed local tax rates

Under the 2016 tax reform, local tax rates were amended. Consequently, the Tokyo metropolitan government determined its business tax rates applicable for fiscal years beginning on or after 1 April 2016. However, the business tax rates and inhabitant tax rates to be applied in Tokyo, for fiscal years beginning on or after 1 April 2017, had not yet been determined. 

The tax rates released by the Tokyo metropolitan government on 25 May 2016 are intended to be proposed in the second ordinary session of fiscal year 2016 of the Tokyo Metropolitan Assembly. 

 

Read a May 2016 report [PDF 340 KB] prepared by the KPMG member firm in Japan: Tokyo-Proposal for local tax rates applicable for fiscal years beginning on or after 1 April 2017

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