Taxes
Japan — Tax: Capital Gains
Gains on listed shares by individuals are taxed at a flat separate rate of 20.315%, outside the progressive income tax schedule.
VerifiedGovernment / official sourceMinistry of Finance / National Tax Agency of Japan — separate taxation of listed-share gainsLast reviewed: 2026-10-23
Key facts
- The flat rate is 20.315%: 15% income tax, 0.315% special reconstruction income tax and 5% local (inhabitant) tax.
- The reconstruction surtax is calculated on the income tax and applies from 2013 to 2037.
- Realised capital losses on shares can only be deducted against stock-related income.
- Separate self-assessment taxation applies only to share transfers not made on a business scale; share income that is business or miscellaneous income is excluded.