About Kyuyo Shotoku Kojo Kyuyo Shotoku Kojo (給与所得控除) is a tax exemption set for Japanese employees’ salary and bonus, that is permitted in both national and residence tax. According to the amount of salary and bonus that an employee earns through one year, a certain percentage of the annual income is exempted. The income after… Read More »
Category III insured persons can get a qualification of old age pension without paying contributions (Note: This is a renewal of our past article in 2021, with adding the latest developments) Dependent spouses whose partner is enrolled in Kosei Nenkin (employees’ pension) or Kyosai Kumiai (pension scheme for public servants and teachers) are called “Category… Read More »
You can claim Lump-sum Withdrawal Payments with keeping your PR visa Non-Japanese people can claim Japanese pension’s Lump-sum Withdrawal Payments (pension refund). Even PR holders (Eijusha, 永住者 in Japanese) can do. But PR holders have an additional condition to claim Lump-sum Withdrawal Payments, that is shown on the table below. The aim of this condition… Read More »
Documents to verify applicant’s bank account to claim Lump-sum Withdrawal Payments or old age pensions To claim (1) pension’s Lump-sum Withdrawal Payments or (2) old age pensions you need to submit a claim form with information of the bank account to receive payments. With the claim form you need to attach a document to verify… Read More »
To claim to Japan Pension Service (if conditions cleared) You need to clear the following conditions to claim Japanese old age pensions: Total period of the contributions for 10 years or more. If you contribute one or some of three pension systems in total for 10 years or more – Kosei Nenkin (Employees’ pension, for… Read More »
About Kaigo Hoken Kaigo Hoken (介護保険, “Long-Term Care Insurance System” in English) is one of Japanese social security systems, that covers persons who need an elderly care (age 65 and over) as well as persons who need a care due to disability / disease (age 40 to 64). Kaigo Hoken pays a large part of… Read More »
Persons residing in Japan – Tax withheld (Gensen Choshu) and need submitting tax returns for over 4 million yen’s pension income Japanese tax code regards pensions as incomes, so you need to pay an income tax from them. Persons who reside inside Japan are withheld their pension’s income taxes before receiving (Gensen Choshu). If your… Read More »
Gensen Choshu-hyo is not required submitting to Japanese tax office By year 2018 applicants of Japanese tax returns needed to submit Gensen Choshu-hyo (源泉徴収票) to a tax office. To claim tax refunds you were also required to submit Gensen Choshu-hyo of claiming years. For details of Japanese tax returns (tax refunds) and Gensen Choshu-hyo, please… Read More »
List: Japanese tax years whose refunds you can claim (in year 2023) 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) 2023 from 2018 to 2022 平成30年,… Read More »
Government starts considering a plan to extend Japanese pension’s contribution period, but still not certain whether or not to get implemented The news like “contribution period of Japanese Kokumin Nenkin (National Pension) is to get extended by 5 years, to age 64” was reported (See the link below). According to it, Ministry of Health Labor… Read More »