2008年6月26日木曜日

Tax return filing: Home leave expenses

Q. I am working in Japan branch of a company in USA. The company gives the air tickets for going back to my country in winter vacation. These include the tickets for my wife and family. Is this taxable as salary ?
A. No, the tickets are not taxable if any requirements are met.
Requirement:
a) Working in Japan for 2 years
b) The company rule of vacation approves to give the home leave (once per a year) and the tickets for going back to home country

2008年6月25日水曜日

Tax return filing: In case of the salary as 7million yen

Q I am working in Japan. The company pays the salary to me, and the annual salary is 7,000,000yen. Do I need to file the tax return to the tax office ? I don't have the other incomes.

A. No, you don't need. If you are working at December 31, your salary has already been adjusted by the payroller of the company on behalf of the tax return filed. But if your annual salary is more than 20,000,000 yen, you should file the tax return.