Japan Tax Agency Posts 2025 Corporate Income Tax Overview, Filing Guide

The Japanese National Tax Agency Nov. 6 posted the corporate income tax overview and filing guide for 2025. Topics covered include: 1) that specified corporations must pay the special defense corporation tax and submit related tax returns, from April 1, 2026; 2) the general 23.2 percent corporate income tax rate; 3) the 19 percent corporate income tax rate for annual income not exceeding 8 million Japanese yen (US$52,290), for ordinary corporations with capital not exceeding 100 million yen (US$653,635) at the end of the fiscal year; and 4) the 15 percent reduced corporate income tax rate for small and medium-sized ...