Legal & Compliance
しょとく所得ぜい税ほう法
Income Tax Act
Definition
The Income Tax Act (Shotoku-zei-hō) prescribes the tax base, rates, and filing/payment procedures for income tax on individual income. It defines 10 categories of income including employment, business, and real estate income. It is also the legal basis for the withholding tax system.
Examples
所得税法に基づき、給与から毎月源泉徴収が行われます。
Under the Income Tax Act (所得税法), withholding tax is deducted from salary every month.