With the government cutting corporate tax, it needs even more revenue to make up for its already alarming fiscal shortfall. So far the media has fixated on consumption tax, which tends to be more ...

Japan’s inheritance tax received a major hike on January 1, 2015. The estate tax was hitherto perceived as a tax for the so-called “haves,” imposed only on the wealthy few, because of a high exemption ...

Reader M wrote to Lifelines about Japan's inheritance tax law, which he calls "one of the most punitive in the world": I've read with interest a number of articles in The Japan Times recently about ...

An inheritance can add to your finances, but taxes may reduce the amount that reaches you. Some states tax beneficiaries directly, while separate estate taxes may apply before assets are distributed.

A widow in the Kansai region was infuriated by a letter sent from the National Tax Agency in December 2022. It ordered her to pay inheritance tax on benefits of 170 million yen ($1.31 million). “I ...

One of the greatest honours in life is being an heir, as it symbolises a sense of purpose, especially if one is to inherit a family legacy. For others, it may bring emotional fulfilment. However, ...

15:49, Sat, Aug 30, 2025 Updated: 15:49, Sat, Aug 30, 2025 Inheritance tax is usually something you only deal with after a family death. However, understanding the fundamentals can be financially wise ...