Year-end adjustment refers to adjusting the taxes deducted from your monthly salary and paid to the government during the year from January to December by the amount you paid more or less.
The taxes that the company deducts from your monthly salary and pays to the country are paid in approximate amounts.
It would be nice if I could pay the exact amount, but that amount will be determined in December when the year's income is determined.
Therefore, at the end of the year (December), we calculate the amount of excess or deficiency in taxes paid so far.
This is called "year-end adjustment."
After making the year-end adjustment, most people get their money back because they paid a lot of tax.
Generally, the payment is made together with your December or January salary.
Every year, from November to mid-December, your company will send you instructions for year-end adjustment procedures.
The company will prepare the prescribed documents, so please fill them out while looking at the samples and submit them to the company.
You can complete the procedure to get the money back through the year-end adjustment, but you will need a dependent deduction when completing the procedure.
By filing a dependent deduction for the taxes you should have paid, you can further reduce the amount of taxes you pay.
Dependent deduction is a system that allows you to reduce the amount of tax you pay if you allow your parents, siblings, children, or other relatives to live on your income.
When you send money to your family overseas, your actual income will be lower, so you will receive more of the tax you paid back.
▶Eligible personsis as follows.
・The person's father and mother
・The person's older brother, younger brother, older sister, younger sister
・The person's grandfather or grandmother
・Spouse's father or mother
・Spouse's older brother, younger brother, older sister, younger sister
・Spouse's grandfather or grandmother
*Those aged XNUMX to under XNUMX are not eligible.
*Even if they are relatives, those who have not sent remittances are not eligible.
▶Spouses (married partners) are not eligible for the "dependent deduction."
Instead, you can take advantage of a system that reduces your tax bill through the ``spousal deduction'' or ``special spousal deduction.''
Click here for the page for “Spouse deduction/Special spousal deduction”
Due to the XNUMX tax reform, the amount that can be remitted will change depending on age and conditions from January XNUMX, XNUMX.The remittance amount cannot be deducted unless it is XNUMX yen or more.
Please note that XNUMX yen or more is required for each eligible person, so if the amount is less than XNUMX yen, it will not be deducted.
(Example: If the father sends 1 yen and the mother XNUMX yen and remits XNUMX yen, the remittance per person will be XNUMX yen each, which will not reach XNUMX yen, so it will not be deducted. (The total amount will not be deducted)
However, there is no limit to the remittance amount for the following people.
▶If the recipient is between the ages of XNUMX and XNUMX, there is no limit to the amount of remittance.
▶If the recipient is over XNUMX years old, there is no limit to the amount of remittance.
▶If you are studying abroad or living outside of Japan, there is no limit to the amount you can remit, regardless of your age.
▶If you are a person with a disability, there is no limit to the amount you can remit, regardless of your age.
Apply at the time of year-end adjustment. (Every year, from November to mid-December, your company will send you instructions for year-end adjustment procedures.)
Company“Application Form for Dependent Deduction, etc. (Change) for Salary Earners”Please fill out the necessary information on the document and submit it to the company.
In addition to the tax return, there are two other types of documents that must be submitted, so please check the following.
*Please note that if you wish to deduct relatives other than your spouse, the application documents will be different.
Click here for the page with an example of how to fill out the tax return.
There are two types of documents required for dependent deduction.
I know that you are related to me"Relatives related documents"and reveal that you sent money to relatives overseas."Remittance related documents"must be submitted.
Documents proving that the person eligible for the dependent deduction is a relative of you (parent-child relationship or sibling relationship) and that they are not living in Japan but overseas are required.
You are required to submit one of the following types of documents: ① or ②.
A Japanese translation is also required.Original documents are required for submission.
① A copy of the family register, other documents issued by the country or local government, and a copy of the passport of a relative who does not live in Japan.
②Documents issued by a foreign government or foreign local government (limited to those containing the name, date of birth, address, or residence of a relative who does not live in Japan)
If the name, date of birth, and address of a relative living overseas is not written down, or if you cannot prove that the relative is your relative, you will need to submit a combination of multiple documents.
▶Specific examples of required documents
[Birth certificate] A document that proves when and where you were born.
[Certified family register] A document that proves when and where you were born.
[Marriage certificate] A document that proves that two people have become husband and wife.
| ① Parents of the person | ・Person's birth certificate or family register |
|---|---|
| ② Grandparents of the person | ・Person's birth certificate or family register ・Father's (mother's) birth certificate |
| ③The person's siblings | ・Person's birth certificate or family register ・Birth certificate or family register of older brother (younger sister) |
| ④Spouse's parents | ・Marriage certificate or family register copy ・Spouse's birth certificate |
| ⑤Spouse's grandparents | ・Marriage certificate or family register copy ・Spouse's birth certificate ・Birth certificate of spouse's father (mother) |
| ⑥Spouse's siblings | ・Marriage certificate or family register copy ・Spouse's birth certificate ・Birth certificate or family register of spouse's older brother (younger sister) |
Remittance documents are documents that reveal that you sent money to your relatives overseas.
You are required to submit one of the following types of documents: ① or ②.
A Japanese translation is also required.It is OK to submit a copy.
① Documents that prove that you made a payment to a relative living overseas through a foreign exchange transaction using a bank or online banking (such as an "overseas remittance certificate" issued by a financial institution such as a bank)
② Documents that clarify that you have paid or are planning to pay for purchases of products or services received by relatives living overseas using a credit card such as a family card (a family card issued by a credit card) "Usage statement" etc.)
You must submit or present all documents related to remittances, etc. in the year in which the dependent deduction is applied, so do not throw away remittance statements or credit card statements.
In addition, If you wish to apply for the dependent deduction for multiple relatives living overseas, you will need to make remittances, etc. for each relative.
(If your father and older brother are the recipients, and if you remit living expenses to your father in a lump sum, the remittance-related documents will fall under the remittance-related documents related to your father, but they will not fall under the remittance-related documents related to your older brother.) (I don't)
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