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comparing tax in luxembourg with japan

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LuxembourgJapanDifference in Japan
Gross Income 35,098.68 EUR / 30,000.00 GBP 5,719,321.41 JPY / 30,000.01 GBP - 0.00 GBP
Tax Due 9,219.38 EUR / 7,880.11 GBP 1,529,317.05 JPY / 8,021.85 GBP + 141.74 GBP
Net Income 25,879.30 EUR / 22,119.89 GBP 4,190,004.36 JPY / 21,978.17 GBP - 141.74 GBP
Overall Tax Rate 26.3 % 26.7 % + 0.40 %.

Figures based upon 1 EUR = 0.854733 GBP.

Figures based upon 1 JPY = 0.00524538 GBP.

In Luxembourg, an income of 35,098.68 EUR / 30,000.00 GBP is more than the lowest average advertised salary of 24,000.00 EUR / 20,513.59 GBP and less than the country's average income of 55,000.00 EUR / 47,010.32 GBP.

In Japan, an income of 5,719,321.41 JPY / 30,000.01 GBP is more than the lowest average advertised salary of 1,530,000.00 JPY / 8,025.43 GBP and more than the country's average income of 5,400,000.00 JPY / 28,325.05 GBP.

Here are how much some common purchases cost in Luxembourg vs Japan:

LuxembourgJapanDifference in Japan
Water Bottle (1.5L) 1.10 EUR / 0.94 GBP 130.33 JPY / 0.68 GBP - 0.26 GBP
Milk Bottle (1L) 1.30 EUR / 1.11 GBP 183.91 JPY / 0.96 GBP - 0.15 GBP
Pint of Beer 5.00 EUR / 4.27 GBP 400.00 JPY / 2.10 GBP - 2.17 GBP
Bread (500g) 1.94 EUR / 1.66 GBP 195.41 JPY / 1.02 GBP - 0.64 GBP
Chicken Breasts (1kg) 11.56 EUR / 9.88 GBP 776.04 JPY / 4.07 GBP - 5.81 GBP
Petrol UK Gallon 5.45 EUR / 4.66 GBP 645.71 JPY / 3.39 GBP - 1.27 GBP
Volkswagen Golf or Equivalent 21,545.00 EUR / 18,415.22 GBP 2,534,500.00 JPY / 13,294.42 GBP - 5,120.81 GBP
Broadband Internet Monthly 48.77 EUR / 41.69 GBP 4,665.89 JPY / 24.47 GBP - 17.22 GBP
Rent One Bedroom Apt. In City (Monthly) 1,409.62 EUR / 1,204.85 GBP 86,722.76 JPY / 454.89 GBP - 749.96 GBP
Purchase One Bedroom Apt. In City 282,333.45 EUR / 241,319.72 GBP 30,368,158.80 JPY / 159,292.53 GBP - 82,027.26 GBP

Part of Europe, Luxembourg covers an area of 2,590 square kilometers.

Luxembourg has a Gross Domestic Product (PPP) of 58.74 ($ Billion) from a population of 584,103.

A progressive tax system spread across 23 bands! - from 0% to 42%.

Single employed people are put in the tax class '1' and receive 11,265 EUR as a zero rated tax band.

Before calculating tax, certain deductions can be applied.

All employees have a standard minimum tax deductible expense of 540 EUR for work-related expenses.

Luxembourg allow costs incurred travelling to and from work as a tax deductible expense - up to 2,574 EUR annually!

Tax bands are as follow:

Below 11265 EUR - 0%

Between 11265 EUR and 13137 EUR - 8%.

Between 13137 EUR and 15009 EUR - 9%.

Between 15009 EUR and 16881 EUR - 10%.

Between 16881 EUR and 18753 EUR - 11%.

Between 18753 EUR and 20625 EUR - 12%.

Between 20625 EUR and 22569 EUR - 14%.

Between 22569 EUR and 24513 EUR - 16%.

Between 24513 EUR and 26457 EUR - 18%.

Between 26457 EUR and 28401 EUR - 20%.

Between 28401 EUR and 30345 EUR - 22%.

Between 30345 EUR and 32289 EUR - 24%.

Between 32289 EUR and 34233 EUR - 26%.

Between 34233 EUR and 36177 EUR - 28%.

Between 36177 EUR and 38121 EUR - 30%.

Between 38121 EUR and 40065 EUR - 32%.

Between 40065 EUR and 42009 EUR - 34%.

Between 42009 EUR and 43953 EUR - 36%.

Between 43953 EUR and 45897 EUR - 38%.

Between 45897 EUR and 100002 EUR - 39%.

Between 100002 EUR and 150000 EUR - 40%.

Between 150000 EUR and 200004 EUR - 41%.

Above 200004 EUR - 42%.

A solidarity surcharge is applied for employed people equivalent to 7% of income (up to 150,000 EUR) and 9% (over 150,000 EUR).

Social contributions equate to (8% toward pension, 3.05% toward health capped to 115,000 EUR of income) plus (1.4% of income after 5,769 EUR toward welfare).

Source: http://www.impotsdirects.public.lu/fr.html

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

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Part of Asia, Japan covers an area of 364,503 square kilometers.

Japan has a Gross Domestic Product (PPP) of 4,931.88 ($ Billion) from a population of 126,045,211.

A progressive tax system spread over 7 bands - ranging from 5% to 45%.

Tax bands are as follow:

Below 1950000 JPY - 5%

Between 1950000 JPY and 3300000 JPY - 10%.

Between 3300000 JPY and 6950000 JPY - 20%.

Between 6950000 JPY and 9000000 JPY - 23%.

Between 9000000 JPY and 18000000 JPY - 33%.

Between 18000000 JPY and 40000000 JPY - 40%.

Above 40000000 JPY - 45%.

A surcharge is applicable of 2.1% on the calculated national income tax.

A local inhabitant's income tax is also imposed at a 10% flat rate on taxable income.

Employee's can use an earned income deduction to reduce the amount taxable - this is based on a scale.

Residents receive a national and local personal tax exemption this is on a scale from 480,000 JPY to 0 JPY.

Social insurance premiums in Tokyo charged on gross income are: Health 4.98% (Capped at 16.68M JPY of gross income), Welfare and Pension 9.091% (Capped at 7.44M JPY of gross income), Unemployment 0.85% (not capped).

Source: https://www.nta.go.jp/foreign_language/.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Help

This calculator allows you to calculate income taxes and social contributions equivalent for Luxembourg and Japan and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to Luxembourg's and Japan's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.

How we compare world taxes

We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.

We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.

Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.

It is quick and easy to use and you can get a detailed result at the click/tap of a button!

Compare tax using these examples:

We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!

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