As of January 2025
a) Income Tax and Corporation Tax
(for the money and prizes earned in Japan)
- 1.Owners are not obliged to pay tax in Japan. However, there is a possibility that an Owner who holds permanent establishment (i.e., office) in Japan would pay tax as a self-assessment.
- 2.Trainers are not obliged to pay tax in Japan.
- 3.For Jockey, Exercise Rider and Groom, twenty percent (20.42%) tax will be deducted at the source on money and prizes earned by the individual.
b) Consumption Tax
Any person who had taxable earnings exceeding JPY 10 million in Japan during 2023 or has paid any salary, allowance, or pension for retirement exceeding JPY 10 million to resident of Japan from January to June of 2024 is obliged to pay by self-assessment a consumption tax of ten percent (10%) on the money and prizes of 2025. It is each individual’s personal responsibility to file tax as appropriate to their status.
