Tax Rates for Corporations

Japanese corporation tax is a direct tax on the net income of corporations.  Tax payers subject to Japanese corporation tax are business entities such as Japanese domestic corporations, foreign corporations, non-juridical organizations, cooperatives and public interest corporations. The reduce rate applicable to the first ¥8m of taxable income for a company with a capital of less than ¥100m is 15% through 31 March 2019 and 19% thereafter.

  Tax Years beginning between 1 April 2016 and 31 March 2018 Tax Years beginning on or after 1 April 2018
Ordinary corporations 23.4% 23.2%
Mediam and Small sized corporations (capital not exceeding ¥100m), generally including incorporated associations and non-jurisdical organizations): Income not exceeding ¥8m

19%
(15% for tax years beginning before 1 April 2019)

19%(15% for tax years beginning before 1 April 2019)
Midiam and Small sized corporations: Income exceeding ¥8m 23.4% 23.2%
Public interest corporations, cooporatives and specified medical corporations 19%
(15% for tax years beginning before 1 April 2019)
19%
(15% for tax years beginning before 1 April 2019)
Specified cooperatives: special rate on income in excess of ¥1 billion 22.0% 22.0%