Salaried employees are usually eligible to make a year-end adjustment from their companies.
With this, their income taxes are settled for the year.
However, those employees who receive over 20 million yen per year, or those who receive salaries from more than 1 place and the amount exceeds 200,000 yen, will be required to file a final income tax return.
The timing for filing is between February 16 until March 15 of the following year.
Before the 2022 tax reform, a business who wants to apply the Electronic Book Preservation act had to obtain approval from the local tax office.
Last week, we talked about the foreign dependent deduction a little bit. Now let’s see what kind of documents are needed when claiming this deduction.
Company establishment and accounting can be complicated in Japan.
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