Taxes

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0:00 [Music]

0:08 Japan has a tax system even foreigners

0:12 who earn money in Japan reside in Japan

0:15 or buy things in Japan are generally

0:17 required to pay taxes in

0:20 Japan there are various types of

0:23 taxes here we will explain income tax

0:27 residence tax and consumption tax

0:36 respectively income tax is the tax paid

0:39 by those who earn money in Japan the

0:42 amount of income tax is determined by

0:44 factors such as the amount earned from

0:47 January 1st to December 31st and the

0:50 number of family members you

0:53 support people living in Japan may also

0:56 be subject to income tax or money earned

0:59 abroad furthermore tax treaties between

1:02 one's home country and Japan may result

1:05 in lower income tax for more details

1:08 please check with the tax

1:11 office to pay income tax you need to

1:14 create documents that specify the amount

1:16 you earned and the corresponding income

1:19 tax and submit them to the tax office

1:22 this procedure is called tax return

1:25 however depending on one's job or the

1:28 company they work for indiv individuals

1:30 can be divided into those who are not

1:32 required to file a tax return and those

1:35 who are required to do so individuals

1:38 who do not need to file a tax return in

1:41 most cases employees who receive

1:43 salaries from their companies do not

1:46 need to file tax returns because the

1:48 company deducts income tax from their

1:50 salaries and pays it on their

1:53 behalf this deduction of income tax from

1:56 salaries by the company is called

1:58 withholding tax

2:00 additionally companies settle income tax

2:03 with December salaries this is referred

2:06 to as year-end

2:08 adjustment individuals who need to file

2:11 a tax return people who work

2:13 independently without belonging to a

2:15 company need to file tax returns people

2:18 who receive their salary from a company

2:21 but have additional sources of income or

2:24 have not undergone yearend tax

2:26 adjustments need to file a tax return

2:29 tax returns must be filed between

2:31 February 16th and March 15th at the tax

2:35 office if you plan to conclude your

2:37 activities in Japan and depart the

2:39 country be sure to file a tax return

2:42 before leaving Japan for more details

2:45 regarding income tax please inquire at

2:48 the tax office or your

2:52 [Music]

2:56 employer residents tax is the tax paid

2:58 by individuals who had a registered

3:01 address in Japan on January 1st or a

3:04 given year the amount of residents tax

3:06 is determined by factors such as the

3:09 income earned from January 1st to

3:11 December 31st of the previous year and

3:13 the number of family members you support

3:16 to pay residence tax you must prepare

3:18 documents specifying your income and the

3:21 corresponding residence tax amount and

3:24 submit them to the municipal office of

3:26 the city Ward or town where you lived on

3:29 January

3:30 1st this procedure is called residents

3:33 tax

3:34 declaration however individuals who have

3:37 undergone yearend adjustment or filed a

3:40 tax return generally do not need to make

3:42 a resident's tax

3:44 declaration there are two methods of

3:47 residents tax payment special collection

3:50 and ordinary

3:51 collection the choice between these

3:54 methods depends on your occupation and

3:56 the company you work for special collect

4:00 in most cases employees who receive

4:03 salaries from their companies have

4:05 residence tax withheld by the company

4:07 and paid on their behalf this payment

4:10 method is called special

4:12 collection ordinary collection

4:15 individuals who work independently

4:17 without belonging to a company or who

4:19 work for small companies not subject to

4:22 special collection must pay resident tax

4:25 to the municipal office of the city Ward

4:28 or town themselves this payment method

4:31 is called Ordinary

4:33 collection regarding residence tax there

4:35 are additional points to note regardless

4:38 of whether it's special or ordinary

4:40 collection resident tax is paid in a

4:43 fixed number of installments starting in

4:46 June furthermore since it's a tax paid

4:49 by individuals who had a registered

4:51 address in Japan on January 1st of the

4:54 year even if you leave Japan after

4:56 January 2nd and no longer have an

4:59 address in Japan you are still required

5:01 to pay residence tax for that

5:03 year if individuals who have been paying

5:06 residence tax through special collection

5:09 leave their company they must either pay

5:11 the remaining residents tax to the

5:13 company before leaving or switch to

5:16 ordinary collection and pay it after

5:18 leaving the

5:22 company if you plan to depart from Japan

5:25 you need to either pay the outstanding

5:26 resident tax in full before leaving or

5:30 designate a tax payment agent who will

5:32 handle the tax procedures on your behalf

5:35 and submit the necessary documents to

5:37 the municipal office of the city Ward or

5:41 town payment of taxes such as income tax

5:45 and residence tax is a legal

5:47 obligation please ensure the accurate

5:50 filing and payment of your taxes as any

5:53 inaccuracies may result in an increased

5:55 tax

5:56 liability for more information regarding

5:59 residen tax please inquire at the

6:01 municipal office of your City ward or

6:04 town or your

6:11 employer consumption tax is a tax paid

6:14 by individuals when purchasing Goods or

6:16 receiving Services consumption tax is

6:19 paid along with the money when buying

6:21 goods or receiving Services there are no

6:24 special procedures required to pay

6:27 consumption tax the consumption tax rate

6:30 is 8% for food and non-alcoholic

6:33 beverages purchased at stores for other

6:37 items and services the rate is

6:40 10% in addition to what we introduced

6:43 today there are various types of taxes

6:46 learn how to pay them and ensure you

6:49 don't

6:58 forget