2024 Income Tax Guide for Kakutei Shinkoku Now Available

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Tkydon
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2024 Income Tax Guide for Kakutei Shinkoku Now Available

Post by Tkydon »

:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:

https://zaik.jp/books/472-4

The Publisher is not planning to publish an update for '24 Tax Season.
captainspoke
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Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available

Post by captainspoke »

Thanks!
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adamu
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Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available

Post by adamu »

Christmas came early!
Seasider4374
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Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available

Post by Seasider4374 »

Thanks!

Does anyone know if I can request a copy of the Kakutei Shinkoku Tax Return guide printed in English? My city used to send one to me every year, but have now stopped (perhaps due to my change in resident status, perhaps as a cost cutting exercise). Certainly none are laid out at the tax ofice for collection with all other forms.
Tkydon
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Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available

Post by Tkydon »

Seasider4374 wrote: Thu Dec 19, 2024 10:59 am Thanks!

Does anyone know if I can request a copy of the Kakutei Shinkoku Tax Return guide printed in English? My city used to send one to me every year, but have now stopped (perhaps due to my change in resident status, perhaps as a cost cutting exercise). Certainly none are laid out at the tax ofice for collection with all other forms.
You can go to the Local National Tax Office, where you would file your Kakutei Shinkoku, and you should be able to pick one up there in early to mid January. Printed copies will not be available until then.
:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:

https://zaik.jp/books/472-4

The Publisher is not planning to publish an update for '24 Tax Season.
JosefK
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Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available

Post by JosefK »

great, thanks.

I bought a car last year and as a sole proprietor I use it for businesss though also personal use. I usually claim 70% of car costs (gas, repairs etc) as part of my necessary expenses. It's been a while since I had any large items to add to my necessary expenses but I remember something about assets costing over Y100,000 having to be depreciated over the estimated life of the asset. I can't find the relevant information now though can anyone remind me, or point me in the direction to, the way of calculating this and how to enter this on my Kakutei Shinkoku form?
JosefK
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Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available

Post by JosefK »

after doing some more digging I think I've answered my own question. The now defunkt Gaijintax.com site is still accessible through the internet archive and the relevant information is there. I will go down to the local tax office and double check it's still correct and also find out over how many years I should depreciate the car.

https://web.archive.org/web/20160305214 ... enses-back
Tkydon
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Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available

Post by Tkydon »

JosefK wrote: Thu Jan 09, 2025 8:47 am great, thanks.

I bought a car last year and as a sole proprietor I use it for businesss though also personal use. I usually claim 70% of car costs (gas, repairs etc) as part of my necessary expenses. It's been a while since I had any large items to add to my necessary expenses but I remember something about assets costing over Y100,000 having to be depreciated over the estimated life of the asset. I can't find the relevant information now though can anyone remind me, or point me in the direction to, the way of calculating this and how to enter this on my Kakutei Shinkoku form?
If you are running a business, it may benefit you to apply for permission to submit a Blue Tax Return - 青色申告青色申告決算書 instead of a White Tax Return.
You can do this before actually submitting the return. Ask when you visit the Tax Office.
You would then provide Business Accounts with assets, income, liabilities, and expenses, giving you the ability to claim more expenses...
You might need the assistance of a Zeirishi, at least for the first year to understand how to put that together

Some (not all) of the guides and Form.

https://www.nta.go.jp/taxes/shiraberu/s ... df/037.pdf
https://www.nta.go.jp/taxes/shiraberu/s ... df/025.pdf
https://www.nta.go.jp/taxes/shiraberu/s ... df/046.pdf
https://www.nta.go.jp/taxes/shiraberu/s ... chou03.pdf

https://www.nta.go.jp/taxes/shiraberu/s ... r05/10.pdf
:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:

https://zaik.jp/books/472-4

The Publisher is not planning to publish an update for '24 Tax Season.
Wales4rugbyWC23
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Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available

Post by Wales4rugbyWC23 »

Bedtime reading... I am glad I use the services of an accountant.

Although I am determined to get my 国民健康保険料 reduced this year. This is more challenging that my income and municipal taxes.

Answers on a postcard please.....
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adamu
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Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available

Post by adamu »

Wales4rugbyWC23 wrote: Fri Jan 10, 2025 12:05 am Although I am determined to get my 国民健康保険料 reduced this year. This is more challenging that my income and municipal taxes.
Incorporate and pay kyoukai kenpo.

Have you ruled out establishing a company as an option?Asking so I don't suggest it a third time ♾️
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