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2024 Income Tax Guide for Kakutei Shinkoku Now Available
Posted: Tue Dec 17, 2024 6:52 am
by Tkydon
Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available
Posted: Tue Dec 17, 2024 9:13 am
by captainspoke
Thanks!
Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available
Posted: Tue Dec 17, 2024 9:39 am
by adamu
Christmas came early!
Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available
Posted: Thu Dec 19, 2024 10:59 am
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.
Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available
Posted: Thu Dec 19, 2024 12:54 pm
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.
Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available
Posted: Thu Jan 09, 2025 8:47 am
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?
Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available
Posted: Thu Jan 09, 2025 9:48 am
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
Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available
Posted: Thu Jan 09, 2025 3:32 pm
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
Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available
Posted: Fri Jan 10, 2025 12:05 am
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.....
Re: 2024 Income Tax Guide for Kakutei Shinkoku Now Available
Posted: Fri Jan 10, 2025 4:57 am
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
