 |
 |
|
|
MUNICIPAL TAX
|
|
| TAX National, Prefectural and Municipal governments perform public projects such as welfare, education, roads, sewerage, fire fighting etc so that residents can live a safe and healthy live. In order to perform these services, a lot of financial resources are required. Therefore, each resident covers the necessary funds according to their incomes as a form of tax. TYPES OF TAXES
|
|
|
|||||||||||||||||||||||||||||
FIXED ASSETS TAX
|
|||||||||||||||||||||||||||||
| FIXED ASSETS TAX Those who own land, housing and depreciable assets (they are generically called fixed assets) as of January 01 each year are required to pay fixed assets tax to their municipality and the tax amount is calculated based on the value of their fixed assets.
|
|||||||||||||||||||||||||||||
| ASSESSMENT REVIEW Fixed assets tax is levied based on the taxable assessment value which is the actual value of the fixed assets (fair market value). It would be ideal to conduct an assessment annually and levy a tax based on the fair market value for equalization of tax payment, however, due to a large volume and number of land and housing, it is practically impossible to have an annual assessment. Therefore, the assessed value is reviewed and adjusted every three years according to the fluctuation of the asset value of that period. With regard to land, in case there is a drop in the land values and it is not appropriate to keep the same assessed value, there may be a case where we amend it. |
|||||||||||||||||||||||||||||
| TAX ADJUSTMENT The fixed assets tax is levied based on the assessed value of fixed assets (taxable assessment value) which is reviewed and adjusted every three years. However, in case the assessed value increases, there will also be an increase in the tax amount for the year when an assessment is conducted. In order to alleviate the situation, we adjust the taxable assessment value slightly every year to make it closer to the assessed value based on the previous year's ratio of the taxable assessment value against the assessed value (burden level). |
|||||||||||||||||||||||||||||
| DEPRECIABLE ASSETS Depreciable assets are machines, instruments, furniture and fixtures that the owners of a company, factory or shop use for their business. For example, if you own a sewing machine for home use, there will be no tax levied, however if you use it for a business purpose at a clothing factory etc, it will be subject to a tax as it is considered as a depreciable asset. The following items are not subject to fixed assets tax.
|
|||||||||||||||||||||||||||||
| TAX REDUCTION ON NEWLY BUILT RESIDENTIAL BUILDING
The tax reduction on newly built residential buildings applies to only dwelling houses whose floor area is more than 50m2 and less than 280m2. The tax amount for the floor area of up to 120m2 is half for a period of three years after the house is built. There is also a tax reduction on multipurpose housing and apartments etc, however the conditions of application differs. Furthermore, a tax reduction also applies to vacation houses, and a declaration is required by January 31. |
|||||||||||||||||||||||||||||
| TAX LEVIED ON LAND AND BUILDINGS There are various taxes relating to land and buildings apart from fixed assets tax.
|
|||||||||||||||||||||||||||||
|
|
DECLARATION FOR RESIDENTS TAX
|
|
| PERSONS WHO ARE REQUIRED TO DECLARE FOR RESIDENTS
TAX Those who gained income from their own business (commercial, agricultural, industrial、medical fields etc), real estate (land rent, house rent etc), or transfer income such as land are required to declare for residents tax. If you are a salary earner, you are not required to declare yourself as your employers finalize tax assessment at a year-end adjustment for the employees. However, if you leave your employment in the middle of the year or have salary income from more than two employers, you will need to declare yourself. Furthermore, anyone who wishes to receive tax deductions for casualty loss, medical expenses and donation needs to declare as well. |
|
| DECLARATION PERIOD For residents and income tax return, each person is required to calculate the total income of a year dating from January 1 to December 31 and file a final tax return (Kakutei Shinkoku) between February 16 and March 15 in the following year. |
|
| FOR THE CASE OF INCOME UNDER ￥200,000 Under the income tax regulations, an extra income of less than ￥200,000 in addition to your salary income does not need to be declared for various reasons such as tax being withheld at source. However, as there is not tax withholding system for residents tax, declaration is required regardless of the amount of income. |
|
|
||||||
TAX PAYMENT
|
||||||
| PAYMENT OF MUNICIPAL TAX Municipal tax must be paid by the specified tax payment due date. ●Information on the payment method ○Locations and designated financial institutions for tax payment Karuizawa Town Hall, Town tax collection service offices, Hachijuni Bank Head/ Branch offices, Mitsui Sumitomo Bank Head/Branch offices, Sakuasama Japan Agricultural Cooperatives Head/Branch offices, Nagano-ken Credit Association Head/Branch offices, Ueda Shinkin Bank Head/Branch offices ※TAX PAYMENT WITHIN TOWN When you have a tax payment slip, tax payment can be made at Karuizawa Town Hall, Town tax collection service offices or designated financial institutions (no transfer fee). ※TAX PAYMENT OUTSIDE TOWN Tax payment can be made at designated financial institutions with using a tax payment slip (no transfer fee). Tax payment can be made at designated financial institutions with using a tax payment slip, however there will be a transfer fee that you need to pay in addition. Tax payment can be made at any financial institution without a tax payment slip, however there will be a transfer fee that you need to pay in addition. (Account for transfer) Hachijuni Bank Naka Karuizawa Branch Office, Ordinary account, No. 24, Karuizawamachi Shunyuyaku ※TAX PAYMENT AT POST OFFICE If you have a payment slip from Karuizawa Town, tax payment can be made at any post office (no transfer fee). Tax payment can be made at any post office even without a payment slip from Karuizawa Town, however there will be a transfer fee that you need to pay in addition. (Account for transfer) 00570-5-960259 Karuizawamachi Shunyuyaku TAX PAYMENT BY ACCOUNT TRANSFER Tax payment can be made by account transfer after submitting an application for an automatic debit transfer for Karuizawa Town municipal tax at a designated financial institution or post office. Application forms are available at Town Hall Taxation and Revenue Division or financial institutions in town. |
||||||
| FINANCIAL INCENTIVES SYSTEM FOR PREPAYMEMT
Ordinary tax collection for Municipal tax & Prefectural tax (individuals), Fixed assets tax and City (town) planning tax are usually paid in four designated tax payment terms a year. However, in case you wish to pay the full amount of annual tax payment during the first term, you will receive financial incentives that will be deducted from the full amount. ※No financial incentives will be given in case the prepayment is made after the first tax payment term. |
||||||
| IN CASE OF PAYMENT ARREARS Falling behind on your tax payment is called Payment Arrears. In case you fall behind in your taxes, you will receive a reminder or notice which reminds you of the tax payment and you will be required to pay a handling fee for a reminder notice and late payment charges. Furthermore, if you are late for tax payment, your assets will be seized to ensure the fairness and equality of tax payments. When you cannot pay tax for any reason, please contact the Taxation and Revenue Division, Subsection of Taxation. Salary, deposit and savings, registered assets such as land, housing and telephone subscription right etc are subject to being seized upon inspection. |
||||||
| TAX PAYMENT RANGE Fixed assets tax is levied for a year on persons who own fixed assets according to the registry as of January 1 for that particular year. Municipal & Prefectural tax is levied for a year by a municipality where you are registered as resident as of January 1 for that particular year. Light-duty vehicle tax is levied on persons who own a light-duty vehicle as of April 1 for that particular year. In case of selling and purchasing, or transferring residences etc, please make sure to pay necessary taxes. |
||||||
| TAX PAYMENT CERTIFICATE When you require a certificate for tax levy, tax payment, assessed value etc, please apply at the Taxation and Revenue Division counter. In case an authorized person submits an application on behalf of someone else, an authorization form from the person concerned will be required. (Please refer to the table below).
|
||||||
|
|
|
|