Total tax rate as a percentage of commercial profits reached 0.467 % in 2018 in Japan, according to the National Statistical Office. This is 1.48 % less than in the previous year.
Historically, total tax rate as a percentage of commercial profits in Japan reached an all time high of 55.0 % in 2009 and an all time low of 0.467 % in 2018. When compared to Japan's main peers, total tax rate as a percentage of commercial profits in China amounted to 0.649 %, 0.463 % in Russia, 0.331 % in South Korea and 0.438 % in USA in 2018.
Japan has been ranked 49th within the group of 172 countries we follow in terms of total tax rate as a percentage of commercial profits, 45 places behind the position seen 10 years ago.
The total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits.