Seventh Sense Group

Akasaka 2-12-10

Tokyo, 107-0052

Monday to Friday

9:00 ~ 18:00

Income Tax – Insurance Deductions

Want to know more about deductible expenses for your tax? Check out our video and get in touch with us at Seventh Sense Group!

Unlike other countries, Japanese tax law allows us to deduct life insurance premiums, earthquake insurance premiums and some other insurance premiums from our taxable income.

Just make sure that you provide proof of payment such as certificates with your tax return or (depending on the type of tax liability you have) to your employer when year-end tax adjustments are made. Insurance companies send out the statements on postcards between mid-October and November.

To learn more about it, check out our video and reach out to us at Seventh Sense Group!

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