HTS for SP -4,TAX MANAGEMNET

01 BASIC of INCOME TAX p.6　★★

1,CLASSIFICATION of TAX

i National and local taxes

ii Direct and indirect taxes

iii Self-assessment tax system and assessment tax system

2,BASIC of INCOME TAX

i Income Tax Taxpayers and Scope

ii Income tax exempt

iii Income tax calculation flow

iv Comprehensive taxation and separate taxation

02 CALCULATION of EACH INCOME p.23　★★★★★

1,INTEREST INCOME

i Tax rate is 20.315%

2,DIVIDEND INCOME

i If withheld, the tax rate is 20.315%

3,REAL ESTATE INCOME

i Real Estate Income = Gross Income – Necessary Expenses (- Blue Return Special Deduction)

4,BUSINESS INCOME

i Business income = gross income – necessary expenses (- special deduction for blue return)

5,EMPLOYMENT INCOME

i Final tax returns are not required as year-end adjustments are made. However, some people are required to file a tax return.

6,RETIREMENT INCOME

i Retirement income = (Amount of income – Amount of deduction for retirement income) x 1/2

7,FOREST INCOME

i Forest income = total income – necessary expenses – special deduction (- blue return special deduction)

8,CAPITAL GAIN

i Total short-term capital gains

ii Total long-term capital gains

iii Separable short-term capital gains

iv Separable long-term capital gains

v Capital gains related to stocks, etc.

9,TEMPORARY INCOME

i Temporary Income = Gross Income – Expenditure – Special Deduction

ii The taxation method is comprehensive taxation. However, add up only half of the income amount

10,MISCELLANEOUS INCOME

i Miscellaneous income = miscellaneous income such as public pension + miscellaneous income other than public pension

03 CALCULATION of TAX BASE p.5　★★

1,FLOW of TAX BASE CALCULATION

i Tax base calculation flow

2,PROFIT and LOSS

i Losses and exceptions that can be taken into account

3,LOSS CARRY-FORWARD DEDUCTION

i Net loss carryforwards・・・a

ii Carry-over deduction for miscellaneous losses・・・b

04 INCOME DEDUCTION P.14　★★★★

1,THE BIG PICTURE of INCOME DEDUCTIONS

i The Big Picture of Income Deductions

2,POINTS for EACH DEDUCTION

Personal deduction

i Basic deduction…★

ii Special exemption for spouse

iii Disabled deduction

iv Single parent exemption

v Spousal exemption…★

vi Dependent exemption…★

vii Widow deduction

viii Working student exemption.

Physical deduction.

i Social insurance deduction…★

ii Life insurance deductible.…★

iii Earthquake insurance deduction.…★

iv Small enterprise mutual aid, etc. premium deduction.

v Medical expense deduction.…★

vi Contribution deduction.

vii Miscellaneous loss deduction.

05 CALCULATION of TAX and TAX DEDUCTION P.8　★★★

1,CALCULATION of TAX

i Amount of tax on income taxed collectively.

ii Amount of tax on separately taxable income.

2,TAX CREDIT

i Special housing loan deduction (housing loan deduction)

ii Dividend deduction.

3,SPECIAL INCOME TAX for RECONSTRUCTION

i OVERVIEW

06 INCOME TAX RETURN and PAYMENT P.9　★★★

1,TAX RETURN

i Filing period, February 16th to March 15th.

ii If you are a salary income earner and need to file a tax return.

iii Quasi-confirmation declaration.

2,BLUE RETTURN

i What is a blue declaration?

ii Income that can be declared in blue.

iii Requirements for blue returns.

iv Main perks.

3,TAX WITHHOLDING

i What is withholding tax?

ii What is year-end adjustment?

iii How to read the withholding record of salary income.

07 OTHER TAXES p.4　★

1,INDIVIDUAL INHABITANT TAX

i Overview of individual inhabitant tax.

ii Per capita rate and income rate

iii Payment.

2,INDIVIDUAL BUSINESS TAX

i Overview of individual enterprise tax.

ii Declaration and payment.