| Year |
Topic |
Description |
| Prior to revision |
After revision |
| 2004 |
Repeal of special exemption for spouse for certain individuals |
Available to taxpayers eligible to take exemption for spouse as well as to taxpayers with spouses with less than JPY760,000 in taxable income |
No longer available to taxpayers eligible to take exemption for spouse |
| 2005 |
Revisions in the special tax deduction for filing under the blue tax return status |
Deduction of JPY 550,000 available for taxpayers keeping a double-entry bookkeeping system |
Deduction of JPY 650,000 available for taxpayers keeping a double-entry bookkeeping system |
| |
|
Deduction of JPY 450,000 available for taxpayers keeping a simplified bookkeeping system |
Deduction of JPY 100,000 available for taxpayers keeping a simplified bookkeeping system |
| |
|
Deduction of JPY 100,000 for others |
Deduction of JPY 100,000 for others |
| |
Reduction in the special tax deduction for contribution to the public pension plan |
Minimum deduction of JPY 1.4 million tax permitted for the elderly aged 65 and over |
Minimum deduction of JPY 1.2 million tax permitted for the elderly aged 65 and over |
| |
Repeal of tax deduction for the elderly |
Deduction of JPY 500,000 permitted for certain elderly at age 65 or over |
Repealed |
| |
Increase in tax deduction for charitable donations |
Deduction for charitable donations limited to 25% of gross taxable income |
Deduction for charitable donations limited to 30% of gross taxable income |
| 2006 |
Reduction in fixed-rate tax reduction |
20% reduction in tax (up to JPY 250,000) |
10% reduction in tax (up to JPY 125,000) |
| |
Reduction in the threshold related to tax deduction for charitable donations |
Charitable donations exceeding JPY 10,000 are deductible |
Charitable donations exceeding JPY 5,000 are deductible |
| 2007 |
Repeal of the fixed-rate tax reduction |
10% reduction in tax (up to JPY 125,000) |
Repealed |
| |
Revisions in tax deduction for casualty and liability insurance premium (tax deduction for earthquake insurance premiums permitted after 2007) |
Deduction of JPY 3,000 permitted for short term insurance |
Repealed |
| |
|
Deduction of JPY 15,000 permitted for long term insurance |
Deduction of JPY 15,000 permitted for long term insurance |
| |
|
|
Deduction of JPY 50,000 permitted for earthquake insurance |
| |
|
Maximum deduction for casualty and liability insurance expenses limited to of JPY15,000 |
Maximum deduction for casualty and liability insurance expenses limited to of JPY50,000 |
| |
Increase in tax deduction for charitable donations |
Deduction for charitable donations limited to 30% of gross taxable income |
Deduction for charitable donations limited to 40% of gross taxable income |
| |
Introduction of tax deduction for filing electronically |
N/A |
Deduction of JPY 5,000 permitted for filing taxes electronically |
| 2008 |
Expansion in range of qualified charitable donations |
Certain portion of qualified charitable donations deductible from taxable income |
Donations to entities included in "Angel" tax incentive plan now qualify as charitable donation |
| 2009 |
Matching contributions by employees and increase in contribution limits |
Matching contribution disallowed for corporate contribution type |
Matching contribution allowed for corporate contribution type |
| |
|
For corporate contribution type, contribution limited to JPY46,000 per month when other corporate pension plan is not available |
For corporate contribution type, contribution limited to JPY51,000 per month when other corporate pension plan is not available |
| |
|
When other corporate pension plan is available, corporate contribution is limited to JPY23,000 |
When other corporate pension plan available, corporate contribution is limited to JPY25,500 |
| |
|
For individual contribution type, contribution limited to JPY18,000 per month when other corporate pension plan is not available |
For individual contribution type, contribution limited to JPY23,000 per month when other corporate pension plan is not available |
| |
Extension of tax deduction related to electronic filing |
One time JPY 5,000 tax deduction permitted for 2007 or 2008 income tax return |
One time JPY 5,000 tax deduction permitted from an income tax return filed between 2007 and 2010 |
| 2012 |
Revision to the maximum tax deduction permitted for life insurance premium |
Deduction of JPY 50,000 permitted for regular life insurance |
Deduction of JPY 40,000 permitted for regular life insurance |
| |
|
Deduction of JPY 50,000 permitted for individual pension |
Deduction of JPY 40,000 permitted for individual pension |
| |
|
|
Deduction of JPY 40,000 permitted for nursing and medical care |
| |
|
Maximum deduction for life insurance expenses limited to JPY100,000 |
Maximum deduction for life insurance expenses limited to JPY120,000 |
