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.
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.
Do you want to know more about your income tax deductions in Japan?
To freelancers and sole-proprietors in Japan: If you bought the medicine or visited the doctor during the calendar year, the costs for these medical goods
You may be required to appoint a tax representative if you’ll be temporarily leaving Japan before filing your tax return.
Are you required to file an income tax return for 2021? If so, the filing deadline is March 15th of 2022. Let us help you through the process!
If you miss the deadline for filing your income tax return, penalty tax will be levied.
Simply selling shares offshore isn’t sufficient to avoid being taxed in Japan.
Most employees in Japan do not have to handle their taxes, because their company reports to the tax office at the end of the calendar year. However, if you earn more than 20 million yen annually, you are required to file a tax return.
Income earned from renting out property is taxed, but smart management can help reduce those taxes.
High net-worth individuals receive additional scrutiny from the tax office.