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332Restoration Tax or Surtax is an addition tax imposed on companies in order to recover from big natural disasters, help cover the costs of reconstruction.

These days corporate tax rate was lowered by 35,64% and Government Tax Commission is discussing the further reduction of Japanese corporate tax. In addition to corporate tax reduction, in order to cover the damages from Tohoku Earthquake of 2011, starting April1st, 2012 a special restoration tax is been imposed.

There are two different types of restoration surtax

  1. Corporation surtax
  2. Income surtax
Corporation surtax
Income surtax
Dates of effectiveness 3 years(for fiscal year that begins from April 1st 2012 to March 31st 2015 ) 25 years(from January 1st 2013 to December 31st 2037)
Calculation Base corporate tax multiple by 10% Base income tax multiple by 2,1%


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