Hello fellows.
As title states, I’m wondering if anyone is using any legally allowed tax deduction schemes?
I am aware that adding dependents will decrease your taxable amount by 380,000 per person. For that you need to provide (i) proof of remittance and (ii) proof that person is your close relative. Relatives residing abroad count.
Another is buying a home – if over 40 mil JPY, you will receive 400k deduction per year for 10 years. If below 40 mil, 1% of value.
Anything else?
by aslarkxan