Individual tax return – Self medication deduction

Originally the Self medication deduction was allowed until 2022, but its application was extended to 2026. Compared to the regular medical expense deduction, the eligibility treshold is lower.

If you wish to learn more about what kind of deductions you can get for your tax returns, please do not hesitate to reach out to us at Seventh Sense Group.

June 8, 2023

Income Tax Return

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Income Tax – Insurance Deductions

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.

Company types in Japan

According to Japanese Company Law, there are 4 types of company in Japan.1. Stock Company – 株式会社2. Limited Liability Company – 合同会社3. General Partnership Company

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Company establishment and accounting can be complicated in Japan.
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Seventh Sense Blog

Individual tax return – Self medication deduction

Latest Posts

Income Tax – Insurance Deductions

Company types in Japan

Get some free advice

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