LDP, DPFP Reach Deal to Hike Taxable Income Threshold to ¥1.78 Mil.; Income Cap for Full Basic Deduction Will Also Rise to ¥6.65 Mil.

income barrier
The Liberal Democratic Party and the Democratic Party for the People have agreed on a deal to raise the taxable income threshold from ¥1.6 million to ¥1.78 million.

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