What is the Forest Environment Tax? An explanation of the new tax system 'Forest Environment Tax' starting in 2024!
Starting in 2024, the "Forest Environment Tax" is a tax that taxpayers residing in Japan are obligated to pay 1,000 yen per year along with their resident tax.
Are you aware of the "Forest Environment Tax" that will be introduced in 2024? The "Forest Environment Tax" is a tax that individuals with a residence in Japan are required to pay alongside their resident tax, amounting to 1,000 yen per year. Since there are approximately 62 million taxpayers in Japan, the "Forest Environment Tax" is expected to raise about 62 billion yen annually. The taxes we pay will be distributed from the national government to municipalities and prefectures as "Forest Environment Allocation Tax" and will be used for forest management. What led to the establishment of the "Forest Environment Tax" and the "Forest Environment Allocation Tax"? You can read more at the URL below or contact us for further information.
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