income tax
Business commencement expense(Kaigyou-hi、in Japanese)

Business commencement expense(Kaigyou-hi、in Japanese)is an item related to all people who start a self-employed business in Japan, regardless of nationality. However, not all the expenses incurred before opening a sole proprietorship can not be business commencement expenses. If you apply wrongly, the tax office may point out you. On the other hand, a better understanding […]

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income tax
Foreigners in Japan are also eligible for housing tax credits.

Last month, the Nation Tax Agency announced roadside prices for 2022.(“Roadside prices”, Rosen-ka(路線価)in Japanese, are assessed values of lands facing a major road for inheritance tax and gift tax purposes.) According to it, compared to 2021, the land price has risen the most in Hakuba Village, Nagano Prefecture. National newspapers reported that its main reason […]

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income tax
Necessary expenses:Part1

There is an article on the National Tax Agency (after the NTA) website about the scope of "necessary expenses." "Necessary expenses" sound plain and easy, but it's hard to explain to taxpayers. I pay tribute to the NTA for summarizing this subject in English. But, it is undeniable that there is a lack of further […]

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income tax
Just "foreign exchange rate", but "foreign exchange rate."

The yen depreciation or fluctuations in the exchange rate are reported daily. Today, with people such as below in mind,・ Foreigners living in Japan who have properties in their home country,・ Or a Japanese who returned to Japan while making financial assets locally when assigned, I will describe the yen conversion rate when conducting transactions […]

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income tax
A "non-permanent resident" Part 2‥Remittance Taxation

Review of the previous blog For non-permanent residents, Japan's taxable income on income tax falls under any of the following. Income other than foreign source income (nearly equal to "non-foreign source income") Foreign source income paid in Japan Foreign source income paid abroad and remitted to Japan from abroad Non-foreign source income is taxed in […]

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income tax
A "non-permanent resident" Part 1

What is a "non-permanent resident"?  Under Income tax law, the scope of taxable income is determined by your residential classification. It is vital to make sure what your classification is or will be. First, you are divided into a non-resident or a resident if you have maintained residence or domicile in Japan for more than one year until now. […]

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