2021 Income Tax And Special Income Tax For Reconstruction Guide available
Posted: Fri Dec 17, 2021 4:18 am
I found the 2021 Income Tax And Special Income Tax For Reconstruction Guide PDF.
This is the Guide for filling out Form B Pages 1&2 of the Kakutei Shinkoku for 2021.
It does not include details of how to fill out Page 3 - Separate Taxation Method for Dividends, Capital Gains, etc.,
or Page 4 - Claiming Realised Losses
It was buried here
https://www.nta.go.jp/taxes/shiraberu/s ... df/050.pdf
where no-one could possibly find it...
If the location moves, I will edit the above link to reflect the new location...
If you have income from foreign Dividends, Capital Gains, etc., anything that requires the Separate Taxation Method, or requires the Separate Taxation Method to take advantage of fixed taxation rates below your Marginal Income Tax Rate under the Aggregate Taxation Method, you will have to file Page 3 as well. Unfortunately, the information on filling out Pages 3 & 4 are only available in Japanese ;-(
One other interesting thing to add: Despite the ambiguity in the Japanese Law since 2018 regarding whether Foreign Sourced Income is Taxable or not for Non-Pemanent-Resident Residents (less than 5 years in Japan in the last 10 years), and the opportunity that they could have taken to clarify the issue for Non-Pemanent-Resident Resident Tax Payers, the English Guide specifically says, the same as previous years (See the Table on Page 7)
Foreign Sourced Income - Paid Abroad - For Non-Permanent Resident Residents - "Only the portion deemed remitted to Japan is taxable".
And there is no clarification or definition that would imply that the phrase 'Foreign Sourced Income' had any other meaning or restriction than the literal meaning of the phrase 'Foreign Sourced Income'.
By contrast, there is a full one-page definition of the meaning of 'Domestic Sourced Income' for Non-Residents on Page 8...
I think no-one could be blamed for interpreting this official statement in this official document from the NTA literally.
This is the Guide for filling out Form B Pages 1&2 of the Kakutei Shinkoku for 2021.
It does not include details of how to fill out Page 3 - Separate Taxation Method for Dividends, Capital Gains, etc.,
or Page 4 - Claiming Realised Losses
It was buried here
https://www.nta.go.jp/taxes/shiraberu/s ... df/050.pdf
where no-one could possibly find it...
If the location moves, I will edit the above link to reflect the new location...
If you have income from foreign Dividends, Capital Gains, etc., anything that requires the Separate Taxation Method, or requires the Separate Taxation Method to take advantage of fixed taxation rates below your Marginal Income Tax Rate under the Aggregate Taxation Method, you will have to file Page 3 as well. Unfortunately, the information on filling out Pages 3 & 4 are only available in Japanese ;-(
One other interesting thing to add: Despite the ambiguity in the Japanese Law since 2018 regarding whether Foreign Sourced Income is Taxable or not for Non-Pemanent-Resident Residents (less than 5 years in Japan in the last 10 years), and the opportunity that they could have taken to clarify the issue for Non-Pemanent-Resident Resident Tax Payers, the English Guide specifically says, the same as previous years (See the Table on Page 7)
Foreign Sourced Income - Paid Abroad - For Non-Permanent Resident Residents - "Only the portion deemed remitted to Japan is taxable".
And there is no clarification or definition that would imply that the phrase 'Foreign Sourced Income' had any other meaning or restriction than the literal meaning of the phrase 'Foreign Sourced Income'.
By contrast, there is a full one-page definition of the meaning of 'Domestic Sourced Income' for Non-Residents on Page 8...
I think no-one could be blamed for interpreting this official statement in this official document from the NTA literally.
