What is ‘Kyuyo Shotoku Kojo’ (tax exemption for salary income)? Will it change in the future?
About Kyuyo Shotoku Kojo Kyuyo Shotoku Kojo (給与所得控除) is a tax exemption set for Japanese employees’ salary and bonus, that is permitted in both national and residence tax. According to the amount of salary and bonus that an employee earns through one year, a certain percentage of the annual income is exempted. The income after… Read More »