I received benefits in a lump sum (one-time). Do I need to file a final tax return?

Income tax and residential tax are imposed as retirement income, and the taxation is completed only through withholding at source by submitting the specified declaration in the receipt procedure. (... Show Detail

How do I make an application to receive income deduction (tax refund) on my individual-type DC (iDeCo) contributions?

The full amount of contributions in an individual-type DC (iDeCo) is subject to income deduction. Those who make contributions to iDeCo by themselves (debit from their bank account) are eligible... Show Detail

I changed the amount of contributions for my individual-type DC (iDeCo). How can I make year-end adjustments with the changed contribution amount?

If you change the amount of contributions for the applicable period after the "Certificate of Payment for Small Enterprise Mutual Aid Premiums (iDeCo Deduction Certificate)" is sent, the National P... Show Detail

What is the retirement income deduction?

Retirement income deduction is a system that allows a certain amount of money to be deducted based on years of service when calculating taxable retirement income. If retirement income exceed... Show Detail

Are there any documents required for the procedure to receive income deduction for Individual-type DC (iDeCo)?

A "Certificate of Payment for Small Enterprise Mutual Aid Premiums (iDeCo Deduction Certificate)" "小規模企業共済等掛金払込証明書（iDeCo控除証明書）" is required. The "Certificate of Payment for Small Enterprise ... Show Detail

What is the public pension deduction?

The public pension deduction is a system that allows a certain amount of money to be deducted based on age and the amount of income from public pensions, etc. when calculating taxable miscellaneous... Show Detail

I want to take the procedure to receive income deduction for individual-type DC (iDeCo) contributions, but I will not be able to make it in time for year-end...

If you are not able to complete year-end adjustments in time, please complete the procedure on your tax return. If you are not able to file your tax return in time, please file an amended return... Show Detail

How can I make year-end adjustments (income deduction procedure) for a corporate-type DC?

If you are enrolled in a corporate-type DC, you do not need to make year-end adjustments or tax return to receive income deduction. A "Certificate of Payment for Small Enterprise Mutual Aid Prem... Show Detail

Do I have to pay taxes on my benefits?

It varies depending on the type of benefit, the receiving method, etc. (1) Retirement benefits are taxable as retirement income if received in a lump sum (one-time receipt). But, they are no... Show Detail

What are the advantages and disadvantages of joining a corporate-type DC on an opt-in basis?

In a corporate-type DC, tax benefits are available at each stage of contribution, investing and benefit receipt. A version of a corporate-type DC commonly referred to as "opt-in" is a system... Show Detail