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preceding classes range from ⁠55/1000⁠ on incomes of, or over, 100,000 yen to ⁠10/1000⁠ on incomes of, or over, 300 yen.

The important points of the revised law are:

The tax is imposed upon juridical persons. As the result of the treaty revision, the tax is imposed, not only upon the subjects of the empire, but also upon foreigners domiciled or residing for more than one year in places within the empire where this law is in force. Persons not domiciled or residing within the empire, but having property or trade, business or occupation, in places within the empire, are liable to pay income tax, but in respect only of the income derived therefrom. Incomes derived from agricultural land are calculated upon the average of the incomes for the three preceding years.

No income tax is levied on the following incomes:

1. Salaries of persons belonging to the army or navy while engaged in war.
2. Pensions to wounded or invalids.
3. Money received for travelling expenses or educational expenses, and legal allowances granted to widows and orphans, etc.
4. Income of juridical persons, the object of which is not to make a profit out of their business.
5. Occasional incomes not derived from undertakings conducted for profit.
6. Incomes realized from property, or from a trade, business, or profession in a foreign country, or in places where the law is not in force, except the income of a juridical person having its head office in a place where this law is in force.
7. Dividends receivable from a juridical person upon whom the income tax is imposed under this law.

In 1887–88 the revenue from the income tax was 527,724 yen; in 1897–98 it was 2,095,092 yen; and in 1903–04 it was 7,412,801 yen.

The tax on saké has undergone considerable changes since it was created in 1871. There are the following five varieties of saké specially dealt with under this tax. These are Seishu (refined saké), Mirin (sweet saké), Shirozake (white saké), Meishu (a sort of mixed saké), Dakushu (unrefined or muddy saké).

In 1901 the rate of tax was as follows:

In the above table the quantity of alcohol is denoted by the percentage of alcohol of a specific gravity of 0.7947 contained in the original fluid at a temperature of 15° C.