Latest developments of tax reduction bill This article is the follow-up of the report of the last December. In March 2025 Japanese Lower Diets (国会) approved the bill to revise Japanese income tax. 1. Non-temporary tax reduction Basic exemption will be raised by 100,000yen for every person whose annual income is under 23.5 million yen.… Read More »
You need SWIFT (BIC) to receive Japanese pension refund SWIFT, also known as BIC (Bank Identifier Code), is the 11-digit code that is used worldwide as interbank transfers, especially for the purpose of transfers between different countries. In 2025 Japan Pension Service issued a new claim form for pension refunds (Lump-sum Withdrawal Payments), in that… Read More »
Japanese employers submit employees’ tax returns on their behalf (but there are exceptions) All residents in Japan who get incomes here are required to submit their tax returns to their local tax office year by year. In Japan tax returns are called “Kakutei Shinkoku [確定申告]” As you know, you report your annual incomes and exemptions… Read More »
List: Japanese tax years whose refunds you can claim (in year 2025) You can claim income tax refunds for salaries you had received in Japan for past 5 years. This is the list of years whose tax refunds Japanese tax office accepts: Year Tax refunds are accepted Gengonen (元号年) 2025 from 2020 to 2024 令和2年,… Read More »
“The wall of 1.03 million yen” relates to a proposal to reduce income (and resident) tax As of December politicians on the national stage have proposed to break “the wall of 1.03 million yen” (103万円の壁). But what does it mean? Under the present Japanese income tax code, the borderline between non-taxed income and taxed income… Read More »
YouAT LLC gives you services for Japanese pension and tax refunds We YouAT LLC has more than 10 year’s history to support non-Japanese employees’ “Lump-sum Withdrawal Payments”, “Old Age Pension”, and income tax refunds.We have staff of Labor and Social Security Attorney, Administrative Scrivener, and Tax Accountant. Please feel free to contact us for Japanese… Read More »
Kokumin Nenkin vs Kosei Nenkin Japanese pension system consists of, mainly, the two categories: (1) Kokumin Nenkin (National Pension), whose contribution amount is a constant no matter how much to get incomes, and (2) Kosei Nenkin (Employees’ Pension Insurance), whose contribution amount increases according to incomes contributors earn(*). (*)There is another category in Japanese pension… Read More »
The amount of lump-sum pension refund is decided by how much you contributed in the past In recent years Japanese economy has faced an inflation of prices. For Japanese old age pensions there is a system of indexation (called “price slide (物価スライド)”), through that payments of old age pensions will be adjusted following price rises.… Read More »
The latest proposal for 2025 pension systems reforms In July 2024 the council for social securities in Ministry of Health Labor and Welfare (厚生労働省) published their research for the expectation of future Japanese pension funds. It will be the foundation of the Ministry’s proposal to Japanese Diet, that is scheduled to discuss and pass a… Read More »
Overview of 2024 tax deduction and points to note (again) The special tax deduction is applied to the income tax and resident tax of the year 2024 （令和6年）. We’d like to overview it again and pick up points to note in brief. Japanese residents registered as of June 1st 2024 can receive a tax reduction… Read More »