Thanx RJ. Will probably look to do that first for sure.RetireJapan wrote: ↑Sat Nov 16, 2024 3:43 amI would max out iDeCo and the small medium business scheme first before looking at the safety kyosai thing.
How to reduce paying income tax?
Re: How to reduce paying income tax?
Re: How to reduce paying income tax?
At a company you own? Or sole proprietor? Sole proprietors don't get the employment income deduction, to my understanding. You need "employment income" as an executive or employee of a company.Cracaphat wrote: ↑Sat Nov 16, 2024 2:29 pmSelf-employed, so kinda.adamu wrote: ↑Sat Nov 16, 2024 5:43 am Do you earn a salary?
https://retirewiki.jp/wiki/Employment_Income_Deduction
Re: How to reduce paying income tax?
Am a sole proprietor. Thanx for letting me know.adamu wrote: ↑Sat Nov 16, 2024 3:21 pmAt a company you own? Or sole proprietor? Sole proprietors don't get the employment income deduction, to my understanding. You need "employment income" as an executive or employee of a company.Cracaphat wrote: ↑Sat Nov 16, 2024 2:29 pmSelf-employed, so kinda.adamu wrote: ↑Sat Nov 16, 2024 5:43 am Do you earn a salary?
https://retirewiki.jp/wiki/Employment_Income_Deduction