BLOG

Types of Income deduction (Tax allowance) in Japan are as follows.

 

Deduction for casualty losses

In the case of damages to property or household caused by theft, disaster or embezzlement

 

Deduction for medical expenses

When your annual medical expenses exceed a certain amount

 

Deduction for social insurance premiums

In the case that you have paid social insurance premiums, such as premiums for National Health Insurance, National Pension Insurance, social medical insurance for the old-aged, and Nursing-care Insurance

 

Deduction for small business mutual aid premiums

In the case that there are payments of premiums paid into mutual aid societies for small businesses based on the Small Enterprise Mutual Relief Projects Act.

 

Deduction for life insurance premiums

In the case that there are payments relating to life insurance, medical care insurance, personal pension insurance

 

Deduction for earthquake insurance premiums

In the case that you have paid premium on earthquake insurance policies or long-term casualty insurance policies

 

Deduction for donations

In the case that you have made donations to national government in Japan, hometown tax, or certain specified political donations

 

Exemption for widows or widowers

In the case that you are widows or widowers

 

Exemption for working student

In the case that you are a working student

 

Exemption for the disabled

In the case that your dependents have a disability

 

Exemption for spouses

In the case that your spouse qualified for an exemption

 

Special exemption for spouse

In the case that your total income is not more that 10 million yen and your spouse’s income exceeds 380,000 yen but is less than 760,000 yen.

 

Exemption for dependents

In the case that you have any dependents who qualify for an exemption

 

Basic exemption

The basic exemption is 380,000 yen