Question: Refund Resident Tax I received an income tax refund on my tax return, but when will I receive a refund for resident tax, prefectural resident tax, and forest environment tax? Answer In principle, there are no refunds for resident tax, prefectural resident...
Are Tax Rates in Japan Higher Compared to Other Countries? People say that tax rates in Japan are high, but are they? Below is a chart by the Ministry of Finance comparing Japan’s tax rates with those of the U.S., the U.K., Germany, and France. I am not saying...
Here is a summary of tax-saving measures for self-employed individuals from the viewpoints of the tax accountant for self-employed. Please review these measures to confirm your potential tax savings. Apply the Special Deduction for Blue Returns | The tax accountant...
Flat-amount Tax Cut Explained | flat amount cut This video explains the flat-amount tax cut (Teigaku Genzei[定額減税]) introduced in Japan starting June 2024. The flat-amount cut offers a reduction of 40,000 yen, with 30,000 yen deducted from personal income tax and...
Today, I want to discuss the “Open Kitchen Tax Credit,” a tax credit program to support childcare. This program offers the advantage of reducing your income tax if you install an open kitchen or other equipment when renovation. If you are considering...
The rules for including entertainment expenses in deductible expenses will be updated effective April 2024 in Japan. Many business owners are concerned about this provision. As a tax accountant, I am examining where the system should be used and its impact. I want to...
