I’m pretty sure I’m being overcharged somehow for my national health insurance. I am self employed, with a wife who only works part time and a young child. 2022 was an ok year for business, while 2023 was terrible (revenue is about 1/3 in comparison). My NHI payments for the household are 74000 yen each (x9 payments I think?). That alone seems close to the maximum.
I understand that the amount is based on the previous years income, but it seems like they are basing it on my sole proprietorships total revenue before deductions and expenses rather than my total taxable income. I found a calculator online and that seems to add up. If they were basing payments on my taxable income it should be about half what they are charging me.
Questions: Should the NHI payments be based on total revenue or on total taxable income?
If it’s the latter how can I fix this issue?
How the hell would such a mistake happen? Did my accountant screw up?
Considering I made about half what I did the previous year these payments are killing me.
by DanZen1
