Understanding Your Income/Residence Tax Saving and Overpaid Refund in Japan
Understanding Your Japanese Income/Residence Tax Saving and Overpaid Refund The tables provided details the estimated annual tax savings in Japan for taxpayers who claim various dependent categories (and the Spouse Deduction/Disability Deduction). They clearly illustrate the core difference between the two main types of tax savings: National Income Tax (variable) and Local Resident Tax (fixed). Key Components of the Tax Saving […]
Understanding Japan’s Tax Deductions: A Guide to Calculating Your Potential Refund
For many residents in Japan, navigating the annual tax process is a key part of managing personal finances. A crucial element of this is understanding personal deductions, such as those for supporting dependents (fuyō kōjo), which can significantly impact your final tax liability and the amount of any potential refund. This guide provides a clear, […]
Analysis of Income Benefits and Tax Refunds for Japanese Beneficiaries: 2020-2024
Executive Summary The period from 2020 to 2024 marks a critical juncture in Japan’s social welfare and tax policy, characterized by significant, targeted reforms driven by a national demographic imperative and the need for fiscal relief. The most profound policy shift was a fundamental change in the Jido Teate (Child Allowance) system, which moved from a means-tested, […]
Tax Refund Scenarios for Remittances to Dependents Abroad in Japan
Tax Refund Scenarios for Remittances to Dependents Abroad in Japan This report provides a simplified analysis of potential tax refunds for a taxpayer in Japan who is financially supporting a dependent living abroad. The refund is not on the remitted amount itself, but is a result of a tax deduction (扶養控除, fuyō kōjo) claimed by […]