Main Changes in the Municipal Resident Tax and Tokyo Metropolitan Resident Tax for Fiscal Year 2024

Regarding the Unification of Taxation Methods for Dividend Income from Listed Stocks, etc.

The taxation method for specific dividends and specific stock transfer income amounts will be aligned with Income Tax.
As a result, you will no longer be able to choose different taxation methods for Income Tax and resident tax.
When you declare income related to specific dividends and specific stock transfer income under Income Tax, these incomes will also be included in the income for resident tax.
As a result, please be aware that this may affect the application of dependent deductions and spouse deductions, non-taxable determinations, the calculation of National Health Insurance Tax, Late-Stage Elderly Medical Care premiums, Long-Term Care Insurance premiums, and various administrative services.

Review of Dependent Deductions for Relatives Living Abroad

Starting from the fiscal year 2024, the requirements for dependents living abroad eligible for the dependent deduction will be tightened, and as a general rule, individuals aged 30 to 69 will be excluded. However, the following individuals can still be considered for the dependent deduction.

• Those who have become non-residents due to studying abroad
• Persons with Disabilities
• Persons who have received payments of 380,000 yen or more from taxpayers declaring dependent deductions, for living expenses or educational expenses in that year.

About the Establishment of the Forest Environment Tax

The forest environment tax is a national tax established to fund measures related to the maintenance and promotion of forests, and it is imposed on individuals who have a residence in the country.
Starting from the 6th year of Reiwa, an annual fee of 1,000 yen will be levied along with the uniform portion of the individual resident tax, which will be collected by the city together with the Municipal Resident Tax and Tokyo Metropolitan Resident Tax.
In addition, as a funding source for disaster prevention measures learned from the Great East Japan Earthquake, an annual fee of 1,000 yen has been added to the uniform tax amount, but this will end in Fiscal Year 2023.

Resident Tax Flat Rate and Forest Environment Tax Amount

Tax Item	Until Fiscal Year 2023	From fiscal year 2024
Municipal Resident Tax Per Capita Rate (Municipal Resident Tax)	3,500 yen	3,000 yen
Resident Tax Per Capita Rate (Tokyo Metropolitan Resident Tax)	1,500 yen	1,000 yen
Forest Environment Tax (National Tax)	-	1,000 yen
Total	5,000 yen	5,000 yen