Tax return

From RetireWiki.jp

A tax return (確定申告 - Kakutei Shinkoku) is the self-assessed method of reporting income to the National Tax Agency for the purposes of calculating how much income tax is due to be paid or refunded.

If any of the follow apply to you. you will need to file this tax return instead of, or in addition to, the end of year tax adjustment your company will/may do for you:

  1. You earn over 20 million yen
  2. You have medical expenses over 100,000 yen for the year.
  3. You have 'donated' using Furusato Nozei but have not used the one-stop system.
  4. You have other sources of income to declare besides your main employment, such as overseas stock gains or rents, or the sale of some assets.
  5. You have a Home Loan Interest Tax Deduction (From Year 2 onwards this can be claimed through the end of year tax adjustment)

Creating a Tax Return

  • "Sakusei Corner" (Japanese), the NTA's official web application, can be used to submit a tax return online, or to generate the completed forms for submitting offline. In-person assistance using this software is available at regional tax offices.
  • The blank forms are also available for download from the NTA (Japanese).

There is an official English guide to completing the tax return.

See also

Credits

Many thanks to the following RetireWiki.jp users for writing this article:

Adamu, HeadofBean, Tkydon