{"id":631,"date":"2012-11-08T16:31:29","date_gmt":"2012-11-08T07:31:29","guid":{"rendered":"http:\/\/tk-tax-accounting.com\/?p=631"},"modified":"2024-05-25T02:19:22","modified_gmt":"2024-05-25T02:19:22","slug":"english-special-reconstruction-income-tax-%ef%bc%88%e5%be%a9%e8%88%88%e7%89%b9%e5%88%a5%e6%89%80%e5%be%97%e7%a8%8e%ef%bc%89","status":"publish","type":"post","link":"https:\/\/www.tkpartners.or.jp\/en\/english-special-reconstruction-income-tax-%ef%bc%88%e5%be%a9%e8%88%88%e7%89%b9%e5%88%a5%e6%89%80%e5%be%97%e7%a8%8e%ef%bc%89\/","title":{"rendered":"Special Reconstruction Income Tax \uff08\u5fa9\u8208\u7279\u5225\u6240\u5f97\u7a0e\uff09"},"content":{"rendered":"

On November 30, 2011, the Japan Diet approved a bill for taking “Special Measures to secure the financial resources for reconstruction after the Great East Japan Earthquake”. As a result, there will be<\/span>\u00a0an increase in the income tax rate effected by the “Special Reconstruction Income Tax” and regulation will be put in force from 2013\/1\/1 to 2037\/12\/31 for 25 years whereby\u00a0a tax rate of 2.1% will be imposed on the standard National Income tax.<\/p>\n

Taxable person<\/p>\n

<\/span><\/strong>National Income Tax payers are supposed to pay the “Special Reconstruction Income Tax”.<\/p>\n

Object of taxation<\/p>\n

<\/span><\/strong>The Special Reconstruction Income Tax will be\u00a0imposed on<\/span> incomes from 2013 to 2037. Regarding salaried workers, the tax will be collected by the withholding tax from 2013.<\/p>\n

Base of Taxation<\/p>\n

<\/span><\/strong>The Special Reconstruction Income is calculated based upon income tax.<\/p>\n

The amount of tax = Income tax X 2.1%<\/p>\n

Note: Residents whose foreign tax credit exceeds\u00a0income tax can deduct the remaining foreign tax credit from the Special Reconstruction Tax.<\/p>\n

Base income tax to calculate the Special Reconstruction Income Tax<\/span><\/strong><\/p>\n\n\n\n\n\n\n
Income tax<\/strong><\/td>\n<\/tr>\n
Resident\u00a0\u00a0 <\/strong><\/td>\nPermanet resident<\/strong><\/td>\nIncome tax on worldwide income<\/td>\n<\/tr>\n
Non-permanent residen\u00a0 <\/strong><\/td>\nIncome ax on domestic source income and foreign source income<\/p>\n

which is sent to Japan<\/td>\n<\/tr>\n

Non-resident<\/strong><\/td>\nIncome tax on domestic source income<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/strong><\/p>\n

Filing an income tax return<\/p>\n

<\/span><\/strong>Regarding income from 2013 to 2047, the income tax return has to be filed together with the Special Reconstruction Income tax return.<\/p>\n

<\/p>\n

Payment<\/p>\n

<\/span><\/strong>Tax payers who file the above tax returns have to pay the income tax together with the Special Reconstruction Income tax by Mach 15.<\/p>\n

<\/p>\n

Withholding tax<\/p>\n

<\/span><\/strong>Withholding agents have to collect the withholding tax including the Special Reconstruction Income tax. 2.1% of the tax rate is imposed on<\/span> the existing withholding tax.<\/p>\n

<\/p>\n

The total tax rate<\/strong><\/span><\/p>\n

The total tax rate \uff1d Income tax rate(%) \u00d7 102.1\uff05<\/p>\n

Ex 1)<\/p>\n\n\n\n\n

Income \u00a0 tax rate(%)<\/strong><\/td>\n		\uff15<\/td>\n\uff17<\/td>\n10<\/td>\n15<\/td>\n16<\/td>\n18<\/td>\n20<\/td>\n<\/tr>\n
Total \u00a0 tax rate(%) \uff08Income tax rate\u00d7102.1\uff05\uff09<\/strong><\/td>\n\u00a05.105<\/td>\n\u00a07.147<\/td>\n\u00a010.21<\/td>\n\u00a015.315<\/td>\n\u00a016.336<\/td>\n\u00a018.378<\/td>\n\u00a020.42<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Ex 2)<\/p>\n

Interest income on deposit \u00a020% + 15% \u00d7 2.1% (15% is income tax) + 5% (5% is local tax) = 20.315%<\/p>\n

Ex 3)<\/p>\n

Accountant fee\u00a0 10% +10% \u00d7 2.1% = 10.21%<\/p>\n

 <\/p>\n

By Certified Public Accountant & Tax Accountant, Koji Takahashi<\/p>\n

Tokyo & Yokohama<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

On November 30, 2011, the Japan Diet approved a bill for taking “Special Measures to secure the financial resources for reconstruction after the Great East Japan Earthquake”. As a result,…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-631","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news-2"},"_links":{"self":[{"href":"https:\/\/www.tkpartners.or.jp\/en\/wp-json\/wp\/v2\/posts\/631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tkpartners.or.jp\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tkpartners.or.jp\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tkpartners.or.jp\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tkpartners.or.jp\/en\/wp-json\/wp\/v2\/comments?post=631"}],"version-history":[{"count":1,"href":"https:\/\/www.tkpartners.or.jp\/en\/wp-json\/wp\/v2\/posts\/631\/revisions"}],"predecessor-version":[{"id":6938,"href":"https:\/\/www.tkpartners.or.jp\/en\/wp-json\/wp\/v2\/posts\/631\/revisions\/6938"}],"wp:attachment":[{"href":"https:\/\/www.tkpartners.or.jp\/en\/wp-json\/wp\/v2\/media?parent=631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tkpartners.or.jp\/en\/wp-json\/wp\/v2\/categories?post=631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tkpartners.or.jp\/en\/wp-json\/wp\/v2\/tags?post=631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}