Figures based upon 1 JPY = 1 JPY.
In Japan, an income of 5,399,999.97 JPY / 5,399,999.97 JPY is more than the lowest average advertised salary of 1,530,000.00 JPY / 1,530,000.00 JPY and less than the country's average income of 5,400,000.00 JPY / 5,400,000.00 JPY.
Why not compare the taxation and buying power of Japan with another country? click here.
Here are how much some common purchases cost in Japan:
Water Bottle (1.5L) : 130.33 JPY / 130.33 JPY (Price in Japan converted to JPY)
Milk Bottle (1L) : 183.91 JPY / 183.91 JPY (Price in Japan converted to JPY)
Pint of Beer : 400.00 JPY / 400.00 JPY (Price in Japan converted to JPY)
Bread (500g) : 195.41 JPY / 195.41 JPY (Price in Japan converted to JPY)
Chicken Breasts (1kg) : 776.04 JPY / 776.04 JPY (Price in Japan converted to JPY)
Petrol UK Gallon : 645.71 JPY / 645.71 JPY (Price in Japan converted to JPY)
Volkswagen Golf or Equivalent : 2,534,500.00 JPY / 2,534,500.00 JPY (Price in Japan converted to JPY)
Broadband Internet Monthly : 4,665.89 JPY / 4,665.89 JPY (Price in Japan converted to JPY)
Rent One Bedroom Apt. In City (Monthly) : 86,722.76 JPY / 86,722.76 JPY (Price in Japan converted to JPY)
Purchase One Bedroom Apt. In City : 30,368,158.80 JPY / 30,368,158.80 JPY (Price in Japan converted to JPY)
Part of Asia, Japan covers an area of 364,503 square kilometers.
Japan has a Gross Domestic Product (PPP) of 4,931.88 ($ Billion) from a population of 126,045,211.
A progressive tax system spread over 7 bands - ranging from 5% to 45%.
Tax bands are as follow:
Below 1950000 JPY - 5%
Between 1950000 JPY and 3300000 JPY - 10%.
Between 3300000 JPY and 6950000 JPY - 20%.
Between 6950000 JPY and 9000000 JPY - 23%.
Between 9000000 JPY and 18000000 JPY - 33%.
Between 18000000 JPY and 400000000 JPY - 40%.
Above 400000000 JPY - 45%.
Residents receive a national and local personal tax exemption this is on a scale from 480,000 JPY.
A surcharge is applicable of 2.1% on the calculated national income tax - set to continue until 2037.
A local inhabitant's income tax is also imposed typically at 10% flat rate on taxable income.
Social insurance premiums in Tokyo charged on gross income are: Health 5%, Welfare and Pension 9.15% (Capped at 7.8M JPY of gross income), Unemployment 0.5%.
Social insurance premiums are tax deductible.
For 2024 there is a one-time tax cut of 30,000 JPY on income tax for people earning less than 18.05 million JPY.
Source: https://www.nta.go.jp/foreign_language/.
Source: XE.com (Currency Conversion).
Source: SalaryExplorer.com (Averages from average salaries in major job categories).
Source: Numbeo.com (Cost of living).
This calculator allows you to calculate income taxes and social contributions equivalent for Japan. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose JPY as your preferred currency, then the income entered will be converted to Japan's native currency for the calculation so that correct income equivalent is used. The results will then be shown in JPY and your chosen currency.
We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.
We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.
Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.
It is quick and easy to use and you can get a detailed result at the click/tap of a button!
We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!
You can also compare tax using these examples:
Source: https://www.impots.gouv.fr/portail/international
Source: http://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/how_your_tax_is_calculated.html
Source: http://www1.agenziaentrate.gov.it/english/revenue_agency/index_revenue.htm
Source: http://www.impotsdirects.public.lu/fr.html
Source: http://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio.shtml
Source: https://www.estv.admin.ch/estv/en/home.html.
Source: https://www.gov.uk/government/organisations/hm-revenue-customs.
Source: http://www.bundesfinanzministerium.de/Web/EN/Issues/Taxation/taxation.html.
Source: https://www.irs.gov/tax-professionals/tax-code-regulations-and-official-guidance.
Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html
Source: https://www.ato.gov.au.
Source: http://www.ird.govt.nz/how-to/taxrates-codes/rates/itaxsalaryandwage-incometaxrates.html.
Source: https://www.nta.go.jp/foreign_language/.
Source: http://www.chinatax.gov.cn/2013/n2925/.
* calculations are currently based on the 2024 tax rules, rates and allowances for comparable single individuals in each country.