Friday, July 12, 2019

Corporate Effective Tax Rate(実効税率)in Yokohama

The current effective tax rates of a corporation located in Yokohama for a fiscal year that has begun or will begin before October 1, 2019 are as below.

If you are interested in how they are calculated, please refer to “Effective Tax Rate In Japan – How It Is Calculated” and also to the chapter in this blog “How the rates of prefectural inhabitant tax, municipal inhabitant tax and business tax are determined by the local governments”.


1.     Effective tax rates in Yokohama by conditions


    30.6% for a corporation whose

    capital amount is 1 billion yen or more

    30.3% for a corporation whose

    capital amount is 500 million yen or more and less than 1 billion yen

    30.0% for a corporation whose

    capital amount is over 200 million yen and less than 500 million yen

    30.0% for a corporation whose

    capital amount is over 100 million yen and up to 200 million yen, and
    amount of current year’s corporation tax is over 40 million yen, and
    amount of current year’s taxable income is over 150 million yen

    29.9% for a corporation whose

    capital amount is over 100 million yen and up to 200 million yen, and
    amount of current year’s corporation tax is over 40 million yen, and
    amount of current year’s taxable income is up to 150 million yen

    29.9% for a corporation whose

    capital amount is over 100 million yen and up to 200 million yen, and
    amount of current year’s corporation tax is up to 40 million yen, and
    amount of current year’s taxable income is over 150 million yen

    29.7% for a corporation whose

    capital amount is over 100 million yen and up to 200 million yen, and
    amount of current year’s corporation tax is up to 40 million yen, and
    amount of current year’s taxable income is up to 150 million yen

    34.0% for a corporation whose

    capital amount is up to 100 million yen, and
    amount of current year’s corporation tax is over 40 million yen, and
    amount of current year’s taxable income is over 150 million yen

    33.8% for a corporation whose

    capital amount is up to 100 million yen, and
    amount of current year’s corporation tax is over 40 million yen, and
    amount of current year’s taxable income is up to 150 million yen

    33.9% for a corporation whose

    capital amount is up to 100 million yen, and
    amount of current year’s corporation tax is up to 40 million yen, and
    amount of current year’s taxable income is over 150 million yen

    33.6% for a corporation whose

    capital amount is up to 100 million yen, and
    amount of current year’s corporation tax is up to 40 million yen, and
    amount of current year’s taxable income is up to 150 million yen


2.    How the rates of prefectural inhabitant tax, municipal inhabitant tax and business tax are determined by the local governments


    Prefectural inhabitant tax   (determined by Kanagawa prefecture)


3.2 % for a corporation whose
 capital amount is up to 200 million yen, and
 amount of current year’s corporation tax is up to 40 million yen

4.0 % for a corporation that doesn’t meet the above condition

    Municipal inhabitant tax   (determined by the City of Yokohama)


9.7 % for a corporation whose
  capital amount is less than 500 million yen

10.9 % for a corporation whose
  capital amount is 500 million yen or more and less than 1 billion yen

12.1 % for a corporation whose
  capital amount is 1 billion yen or more

    Business tax   (determined by Kanagawa prefecture)


7.169%(6.7%) for a corporation whose
          capital amount is up to 100 million yen

0.875%(0.7%) for a corporation whose
          capital amount is over 100 million yen

 note1: the rates bracketed "()" are only applied for a corporation whose
         capital amount is up to 200 million yen, and
         amount of current year’s taxable income is up to 150 million yen.

 note2: if certain conditions are fulfilled, lower tax rates for the portion of taxable income up to 4 million yen and for another of that 
                over 4 million yen and up to 8 million yen are applied.



(Note: This blog is written on July 12, 2019 based on the information available then.)



written by YAMAMOTO CPA OFFICE  https://www.accounting-solutions-japan.tokyo/en-home