Hi guys, was hoping to reach out to people that have similar experience and see if anyone can provide guidance.
Situation.
Wife moving to Japan on Spousal Visa, will submit permission to work up to 28hours.
She will setup as a Sole Proprietorship, and contract out to Australian Companies. (She is currently setup in Australia and managing things her side, but moving to Japan we will set it all up Japan side to be safe with all tax.
We have had chats with an English Speaking Tax agent, who is very switched on however his fees are high.
240000 yen for book keeping – provision of expenses (expenses would be like little to none maybe some software, which we are already bookkeeping in Australia)
150000 yen for tax return (income minus expenses right – things to claim Health insurance, software, internet, phone bill, laptop, utilities, anything bought for the scope of work not much as it’s all laptop work.
50000 yen – Preparation and filing of initial tax notification and application forms for Income Tax and Consumption Tax each (apparently we don’t need to pay consumption tax for first 2 years) so is all the accountant doing submitting the notice of business commencement to tax office, blue file something and then income tax forms)
I just feel like with the minimal expenses – is this all stuff you can do by yourself.
The taxes needed to pay are
Income Tax – subject to income (how to submit this and converse AUD to JPY invoices)
Residence Tax – 10% – gets sent in the mail to your address when needed to pay.
Enterprise or business tax – unsure on this, when do you pay this and how do you pay this?
And is there municipal tax aswell?
The only other thing to pay is health insurance as she will be earning over 1.3mil JPY so she will need to go on national health insurance instead of my companies.
If you have any feedback or anyone has the time to talk out of the day about helping this would gladly love to pick your brain.
I think 430000 yen is a huge amount to pay for tax. That’s huge for some small companies. My wife contacts out at like 115AUD, and will work anywhere between 18-28 hours per week. So she has the ability to earn a decent income, but 430000yen is nearly one month’s work after tax.
by Pristine-Air1465