Today’s lecture is “Tax Agent”
Tax agent is appointed by tax payer when the tax payer is not in Japan and need to ask someone to handle tax administrative works.
For example, you need to appoint tax agent in the following situations:
1. When you have income from real estate in Japan
2. When you inherit assets in Japan
3. When you own real estate in Japan
4. When you need to file consumption tax return in Japan
For example, you are assigned for the overseas works for more than 1 year and leaving Japan. Let’s assume that you have salary income and real estate income in Japan.
If you leave Japan without appointing tax agent, filing deadline of your income tax return is before you leave Japan.
If you appoint tax agent, filing deadline of your income tax return is March 15th of the next year
Tax agent does not have to be tax accountant, so anyone, such as your family, can become tax agent. Also, tax agent can handle only administrative works. Only tax accountant can prepare tax return for the others.