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Japan Mulls Increasing Tax-Free Limit for Employee Meal Subsidies

According to NHK News, the Japanese government and ruling party are weighing a change to expand tax-free meal benefits for workers.

Summary

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Terms & Concepts
  • Tax-free limit: The maximum monetary amount of a benefit that is exempt from taxation under government rules.
  • Meal subsidy: An employer-provided allowance or benefit to help cover the cost of meals for employees.