【Reduction of Fixed-rate tax cut】
The fixed-rate tax cut of the individual income tax and the individual inhabitant tax, which was enacted in 1999 as part of the measures to boost the Japanese economy, is reduced to by 50%.
This amended tax reductions has started from January 2006 for individual income tax and June 2006 for individual inhabitant tax.
Please note that the amount of withholding income taxes from salary payment has been increased accordingly from January 2006.
The amount is amended as follows.
＊Individual national income tax
[before amendment]
20% of national income tax ( up to 250,000YEN)
↓
[after amendment]
10% of national income tax (up to 125,000YEN)
*Individual local inhabitant tax
[before amendment]
15% of local inhabitant tax ( up to 40,000YEN)
↓
[after amendment]
7.5% of local inhabitant tax ( up to 20,000YEN)
