[For beginners] What is tax return filing? A simple and easy-to-understand explanation!

Hello, this is Sakashita from Beyond

January is almost over, which means it's tax return season!

For some of you, this may be your first time filing a tax return

「What exactly is a tax return?」

「When is the filing period for tax returns?」

I'm sure there are many people who have various questions, such as the above, and are worried about filing their tax returns

So, this time,the basics of filing your tax returnI'd like to explain

 

*We have compiled an easy-to-understand list of deductions you can claim when filing your year-end tax adjustment or tax return.Please see here!

[2021] List of income deductions available at year-end tax adjustment and tax return filing [Don't lose out]

*For a clear summary of the application period and changes for the 2021 fiscal year,please see this article!

[2021 tax return deadline extended!] We've put together a simple and easy-to-understand summary of the key points of tax returns!

What is tax return?

Simply put, a tax return is

In order to determine the amount of tax that a person must pay for the previous year,

involves reporting your income and other financial information from the previous year to the tax office.

The amount of tax you pay is not decided automatically, but is determined by you reporting it to the tax office

If you work for a company, they will deduct the tax amount and pay it to the government instead of you having to pay it to them

(Previous article:Easy to understand! What is the purpose of year-end tax adjustment?)

 

Who is subject to tax returns?

So who is required to file a tax return?

A typical example is a "sole proprietor," who is required to file a tax return.

Even if you are employed, you will need to file a tax return in the following cases:

This is just a representative example

If you're unsure whether you need to file a tax return,the tax officeplease contact

 

What is the filing period for tax returns?

The reporting periodfrom January 1st to December 31st.

The filing periodfrom February 16thto March 15th of the year following the relevant period.

You will need to file your tax return within this period to determine your income tax amount

In other words,you calculate the tax amount for your income from January to December of last year and file your tax return between February 15th and March 15th of this year.

Your tax returnyour national health insurance premiums and resident tax for next yearwill determine

Unlike year-end tax adjustments, your company will not do your tax return for you

Please note that you will need to decide for yourself whether or not to file a tax return!

 

Where should I submit my tax return?

Income tax returnsthe tax office that has jurisdiction over the address where you reside at the time of filingare submitted to

If you don't know which tax office is in charge of your area, please check the National Tax Agency website

National Tax Agency website:Find a Regional Taxation Bureau or Tax Office

 

summary

Tax filing is the processJanuary 1st to December 31stof calculating the taxes on your income for the year from

of the following yearFebruary 16th and March 15thThe declaration must be submitted to the government between

throughout the yearthe same companyIf you work for

your company will handle the year-end tax adjustmentYou do not need to file a tax return;.

Even for those employed by a company,worked at multiple locations within a yearif you havethere have been gaps between jobsif

You will need to file your own tax return

When filing your tax return,the tax office in your area of ​​residenceyou submit the tax return form to

Filing tax returns is often seen as a hassle,

Once you understand it, it will be easy the next time you file your tax return!

First, check now to see if you are subject to filing a tax return!

 

Read on to find out how you can easily create one online!

Don't panic even if it's just before the deadline! Easily prepare your tax return online