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Re: How to reduce paying income tax?

Posted: Sat Nov 16, 2024 2:39 pm
by Cracaphat
RetireJapan wrote: Sat Nov 16, 2024 3:43 am
Cracaphat wrote: Fri Nov 15, 2024 12:34 pm Thanks RJ and zeroshiki for your suggestions. That セフティ共済 was the first time to hear of. Been wondering from time about the Nozei too.
I would max out iDeCo and the small medium business scheme first before looking at the safety kyosai thing.
Thanx RJ. Will probably look to do that first for sure.

Re: How to reduce paying income tax?

Posted: Sat Nov 16, 2024 3:21 pm
by adamu
Cracaphat wrote: Sat Nov 16, 2024 2:29 pm
adamu wrote: Sat Nov 16, 2024 5:43 am Do you earn a salary?

https://retirewiki.jp/wiki/Employment_Income_Deduction
Self-employed, so kinda.
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.

Re: How to reduce paying income tax?

Posted: Sat Nov 16, 2024 9:15 pm
by Cracaphat
adamu wrote: Sat Nov 16, 2024 3:21 pm
Cracaphat wrote: Sat Nov 16, 2024 2:29 pm
adamu wrote: Sat Nov 16, 2024 5:43 am Do you earn a salary?

https://retirewiki.jp/wiki/Employment_Income_Deduction
Self-employed, so kinda.
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.
Am a sole proprietor. Thanx for letting me know.