Income Tax Return Archives - Seventh Sense Group

Income Tax – Insurance Deductions

Tanya Taseva September 20, 2023

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.

Individual tax return – Self medication deduction

Tanya Taseva June 8, 2023

Do you want to know more about your income tax deductions in Japan?

Japanese Tax – Medical Expenses Deduction

Tanya Taseva May 24, 2023

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

Appointing a Tax Representative

Aislinn Martin December 15, 2021

You may be required to appoint a tax representative if you’ll be temporarily leaving Japan before filing your tax return.

Individual Income Tax Return

Tanya Taseva November 22, 2021

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!

Penalty Tax

Aislinn Martin October 14, 2021

If you miss the deadline for filing your income tax return, penalty tax will be levied.

Income Tax in Japan: Selling Shares Offshore

Tanya Taseva August 20, 2021

Simply selling shares offshore isn’t sufficient to avoid being taxed in Japan.

Tax Issues for High Salary Earners in Japan

Tanya Taseva August 20, 2021

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 Tax in Japan: Saving Tax on Rental Income

Tanya Taseva August 11, 2021

Income earned from renting out property is taxed, but smart management can help reduce those taxes.

Income Tax in Japan: Report of Assets and Liabilities

Tanya Taseva March 5, 2021

High net-worth individuals receive additional scrutiny from the tax office.

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