We specialize
in providing professional Accounting &Bookeeping
and Tax servicesin Japan.
Year-End Adjustments
Year-end adjustments are adjustments by which, in principle, salary paid by the company to the employee for the year and withholding income tax deducted from it are recalculated on the last date of payment in December to avoid excess or deficiency in income tax. Year-end adjustments will determine the amount of income tax for the year, and therefore there is no need to file a final return.
However, a final income tax return of an individual is required
in the following cases:
Where his/her annual salary income exceeds 20 million yen;
Where he/she has received a secondary income which exceeds 200 thousand yen; or
Where he/she has received salaries from two or more business entities, etc.
We specialize
in providing professional Accounting &Bookeeping
and Tax services in Japan.
・Year-End Adjustments