income tax
Refund claims can be submitted even after the tax return deadline
The filing period for tax returns is usually from February 16th to March 15th of the following year. However, […]
Differences between income tax and local resident tax under the revised tax reforms that is applied from 2025, and income requirements for tax exemptions and dependents
The changes to the income tax that takes effect from the fiscal year 2025 include: It's important to note that […]
Make effective use of the tax-free allowance every year to sell gold and save on taxes
With the price of gold continuing to rise, many people are considering selling. Gold sales gains are combined […]
Points to note when declaring dividends
When filing a dividend, we would be eligible for an income tax refund by taking advantage of the following pro […]
What are the special tax treatments for certain standard income amounts? [Not applicable to the tax return exemption system]
This special tax treatment for certain standard income amounts was introduced in the 2023 tax reform. It will […]
Points to note when calculating capital gains when selling used overseas real estate
If you are renting a used overseas real estate property and have calculated the building's useful life using t […]
How much income should be recorded if the products sold are consumed for household purposes, given as gifts, or sold at a low price?
If an individual sells goods (inventory) and the goods are: How should the amount be recorded as income? In th […]
Important points to note when receiving retirement benefits as a non-resident [Selective taxation of retirement income]
When receiving a retirement benefit as a non-resident, tax is levied on the portion of the benefit working in […]
Points to note when transferring assets from an individual to a corporation
There are cases where an individual transfers real estate or stocks owned by them to a corporation. There are […]
If I receive compensation for damages, is it taxable or non-taxable?
When a sole proprietor receives compensation for damages, is it taxable or non-taxable? When a car hits a stor […]