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Individual income tax

Classifications of Taxpayers in Japan

Residency status of an individual will determine whether an individual is subject to tax liability of income tax and special income tax for reconstruction. Residents, non-residents, and non-permanent residents are the three types of residency status for tax purpose....
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Types of Penalty in Japan

Penalty will be imposed if a taxpayer fails to file tax return by the statutory due date or fails to pay tax by the due date of tax payment. Following are types of penalty. 1. Delinquent Tax: Tax imposed if the principal tax is paid after the statutory due date. It is...
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Tax deduction (Tax credit) in Japan

Types of Tax deduction (Tax credit) in Japan are as follows.   Credit for dividends When earning dividend income (excluding that for which separate taxation is elected)   Special credit for loans, etc. related to a dwelling In the case that you have constructed,...
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Types of Taxation method in Japan

Aggregate taxation A system whereby tax is calculated in combination with other types of income via the filing of a final tax return. This system applies to most of income, such as Business income, Real estate income, Employment income, Miscellaneous income, a part of...
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