What is ‘Nencho’? Can employees claim a refund of Japanese income tax?
Nencho and Gensen Choshu “Nencho (年調)” also called as “Nenmatsu Chosei (年末調整)” means a payback of too much taken income taxes at the end of each year (December), that Japanese employers do for their employees. Japanese employers withhold taxes as well as social security contributions from employees’ monthly salary. They gather contributions on behalf of… Read More »