Income Tax Return for Individuals
We firmly support you in problems specific to foreigners!
We can explain both in Japanese and English in a comprehensible manner.
For foreign nationals in Japan, the tax treatment needs special consideration on the following items: income from real estate owned overseas, international school expense, donation, housing allowance, home-leave, etc.
There are many cases in which they fail to file a return or have unpaid tax without realizing. Moreover, some are missing a chance to get refund which could have been received if filed.
Since Japanese tax system is complex, it is advisable to consult with a professional.
Contents of Services
- Prepare income tax return
- Support accounting planning when posted overseas
- Advices on applying provisions of tax treaties
- Tax administrative agent
- Support tax inspection
If you are living abroad but have income (from real estate, etc.) in Japan, the tax office requires you to appoint a tax administrative agent as the contact person.
Need to file a return if you…
- Have annual income of ¥20 million or more
- Receive salaries from multiple entities
- Receive income of ¥200,000 or more from a side job
- Have income from real estate
- Sold securities
- Sold land or building
- Received ¥1.1 million or more by gift
- Have income overseas
If you meet any of the above conditions, you are very likely be required to file a return.
Get tax refund in filing if you…
- Have medical expense \100,000 or more, totaled by a family
- Paid tax overseas
- Purchased home with a loan
- Sold your own home
If you meet any of the above conditions, your tax will likely be lower by utilizing the benefits listed below in a tax return
Example of deduction from income and tax credit
Deduction for medical expenses
If the medical expense is \100,000 or more in a year, the excess of \100,000 can be deducted from income.
Credit for foreign tax
If you paid tax equivalent to income tax overseas, the amount you paid can be deducted from income tax in Japan.
Deduction for donations
Donations to national or local government, NPO, and political organization are deductible to a certain amount from income. Hometown tax is also tax-deductible.
Credit for housing loan
If you purchased a home, using housing loan, you can receive a credit for income tax for 1% of loan amount (a certain condition is required).
Special provision on selling your home
Gains from sales of residential real estate is tax-free up to \30 million with certain conditions.
*You may enjoy those preferential treatments in a tax return.
Prepare individual income tax return
Basic fee ¥100,000 + Additional fees based on types of income and deduction (See the table below as a reference)
The fee usually ranges from ¥150,000 to ¥200,000 for most of our clients.
|Additional Fees (Addition based on client’s situation)|
|Business income (side job, etc.)||From ¥50,000|
|Income from real estate in Japan||From ¥25,000|
|Income from dividend||From ¥10,000|
|Profit from the sales of shares||From ¥10,000|
|Retirement income||From ¥10,000|
|Miscellaneous income (pension, online auction）||From ¥10,000|
|Deduction for medical expenses||From ¥10,000|
|Deduction for donations||From ¥10,000|
|Credit for housing loan (applied for the first year)||From ¥25,000|
|Credit for housing loan (applied for the second year and after)||From ¥5,000|
|Credit for foreign tax||From ¥30,000|
Employment income ¥25 million, income from real estate ¥5 million, dividend income ¥50,000
Basic fee ¥100,000 + Additional fees (income from real estate ¥25,000 + dividend income ¥10,000) = Total ¥135,000