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Types of Spending which reduces Personal Taxes | Income Deduction Japan

by Aki Kojima | Aug 22, 2024 | Individual & Freelancers

Reducing taxes is everyone’s dream. Even if no one wants to break the law, many people want to explore how to reduce it within the limits of the law. There is also a way to consider “whether it will cost”. But for the same amount spent, there are...

Tax Reform Insight: Potential Tax Hike for Defense Budget

by Aki Kojima | Aug 21, 2024 | Individual & Freelancers, Corporations

The Japanese government is contemplating significant tax reforms to fund an ambitious defense budget of 1 trillion yen. It is a strategic approach to bolster the nation’s defense capabilities. Breakdown of the proposed funding mechanisms Here’s an analysis...

Bachelor Tax: Implications and Controversies

by Aki Kojima | Aug 14, 2024 | Individual & Freelancers

Greetings to all our readers! Today, we’re exploring the intriguing concept of the “Bachelor Tax,” a tax system that places a higher burden on single individuals. While some might chuckle at the notion, it’s a topic with profound implications....

Your Take-Home Pay in Japan: A Guide to Taxes on a 5 Million Yen Annual Income

by Aki Kojima | Aug 13, 2024 | Individual & Freelancers

Hello to all our readers! Today, we’re diving deep into the intricacies of the Japanese tax system, focusing on an annual income of 5 million yen. This guide is tailored for non-Japanese individuals or businesses aiming to grasp the nuances of taxation in Japan....

Home Expense Allocation for Self-Employed

by Aki Kojima | Aug 12, 2024 | Individual & Freelancers

Here, we’re diving deep into the world of “Home Expense Allocation.” This topic is especially relevant for those who have transformed a corner of their home into an office, mainly solo workers. Navigating home expense allocation can be a maze, a...
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