Side jobs - tax and deductions (photography)
Posted: Sat Jun 09, 2018 2:37 am
Hi all,
I did some paid photography work earlier this year, and being an upstanding non-citizen I want to pay tax on it. I've got a separate full time salaried job and normally don't file a tax return. I think all I need to do is to file a tax return next year and list the photography income under "miscellaneous income", right?
So far so good, but I read you can deduct expenses from the income before calculating the tax. And if the total income after deducting is less than 200,000 yen you don't have to file a return or pay any tax. I'm planning on buying a camera and lenses this year, which if I deduct will take the total to less than 200,000. So no tax? If so great!
My real question is though... can I deduct the camera in this way even though I bought it after the income was paid? Or, do I need to have some more photo income later in the year after buying the camera? The NTA tax guides don't seem to say anything about this... anyone have any experience? Thanks!
I did some paid photography work earlier this year, and being an upstanding non-citizen I want to pay tax on it. I've got a separate full time salaried job and normally don't file a tax return. I think all I need to do is to file a tax return next year and list the photography income under "miscellaneous income", right?
So far so good, but I read you can deduct expenses from the income before calculating the tax. And if the total income after deducting is less than 200,000 yen you don't have to file a return or pay any tax. I'm planning on buying a camera and lenses this year, which if I deduct will take the total to less than 200,000. So no tax? If so great!
My real question is though... can I deduct the camera in this way even though I bought it after the income was paid? Or, do I need to have some more photo income later in the year after buying the camera? The NTA tax guides don't seem to say anything about this... anyone have any experience? Thanks!