How To Pay LESS TAXES in Japan

Описание: Working in Japan is great but given the high tax burden it is better to know how to save on taxes early in the year. If you earn a salary, have medical bills, have a spouse, a family, own a house, pay insurance, you need to watch this video and go talk to a professional to make sure that you are doing what is needed to have enough money left to go invest for your future.

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Ways to Pay less Tax in 2024 while living in Japan

1. Traditional retirement account Contribution: DC

2. iDeCo contributions

3. Capital gain deduction

4. Home loan deduction

5. Standard deduction

6. Child and Spouse deduction

7. Medical bill deduction

8. Life insurance premium deduction

9. Earthquake insurance deduction

10. Charity donation deduction

Sources for today:
_ Japan's tax system - https://taxfoundation.org/location/ja...
_Overview of tax breaks - https://argentumwealth.com/tax-deduct...
_ Capital gain tax in Japan - https://toma.co.jp/en/blog/jtg/capita...
_ The new NISA investment scheme - https://www.reuters.com/markets/asia/...
_ iDeCo - https://www.ideco-koushiki.jp/english/
_ DC plan - https://www.mhlw.go.jp/english/org/po...


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DISCLAIMER: disclosure & attribution
I am just someone on YouTube so do your own research before investing into, subscribing to or buying any financial product and/or credit card, or entering into a contractual obligation of any kind. I am not a financial advisor and all the content in this video, and any other video on this channel, is not financial advice and is presented for information and entertainment purposes only.

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