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💴 | Pension recipient's “tax return-free system”.In some cases, you will lose if you do not file a tax return?


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"Final tax return unnecessary system" for pensioners.In some cases, you will lose if you do not file a tax return?

 
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By the way, this does not apply if you have selected a system that does not require the declaration of dividend income related to listed stocks.
 

What is the tax return-free system for pensioners?The total amount of income from public pensions is 400 million yen or less, and it is related to public pensions ... → Continue reading

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Dividend income

Dividend incomeWhat is (Haitoshotoku)?income taxTaxation inincomeIt is one of the categories ofProfitDividends, distribution of surplus, basic interest and distribution of profits of investment trusts and special purpose trustsincomeSay (Income tax lawArticle 24 paragraph 1).Interest incomeandIncome from real estateLike, it is one of the asset-based income.

Taxation method

Amount of dividend income = Amount of income (amount before withholding tax is deducted) -Interest on borrowing to acquire shares, etc.

Dividend income isIncome tax lawThe above is a comprehensive taxation in principle, except for special cases.andInterest incomeUnlike, for acquiring stocks, etc.liabilities OfinterestDeductions are allowed to a certain extent (Income Tax Law, Article 24, Paragraph 2).However, even if it is in the red, it cannot be deducted from the amount of other income (profit and loss cannot be totaled).[1].

Tax Special Measures ActBy the provision ofTax withholding20.42% (15.315% for listed stocks other than large shareholders, etc.Resident tax5%), and on top of that, there is a special taxation system for dividends on listed stocks and a system that does not require declaration such as small dividends (XNUMX%).Withholding tax(Excluding minutes). 

Listed stocks, etc. (excluding large shareholders, etc.)

Comprehensive taxation,Separate taxationIf you choose to have tax withholding on a specific accountNo declaration requiredCan also be selected.

With a tax withholding account, you can choose not to file a tax return for dividends such as listed stocks, except for those received by large shareholders with a shareholding ratio of 3% or more (same for residence tax), and you can pay tax only with tax withholding. Complete.However, dividend income and profit / loss are totaled within a specific account (tax withholding account) opened by financial instruments business operators after 2010.Transfer incomeWhen filing a (loss), it is not possible to make the filing of dividend income such as listed stocks unnecessary.

Separation of tax returns has been added since 2009, making it possible to add up profits and losses with losses on the transfer of listed stocks.In that case, for all dividends such as listed stocks (excluding those that do not need to be declared)Final returnIt is necessary to select separate tax filing at.The tax rate for the amount of taxable dividend income, etc. when the tax returns are separated is the same as the withholding tax rate.

From 2016, comprehensive taxation cannot be selected for dividends that do not correspond to specified listed stocks, even if they are listed stocks (Interest incomeSeparate taxation and combined tax returns).In addition, when filing dividends that do not correspond to specified listed stocks, etc. by separate filing, it is possible to declare specified listed stocks, etc. by comprehensive taxation.

From 2016, income tax will be comprehensively taxed and inhabitant tax will not be declared.[2][3].

income tax

For income tax, there are such options.You can compare tax amounts and select the one that is more advantageous when filing your tax return.

  1. Separate taxation or final tax return is not required
    Income tax is 15.315%.
    In the case of a specific account with tax withholding, if the tax has already been withheld and you do not file a tax return, or if you choose not to file a tax return, you will be charged at this tax rate.[4]..If a loss is incurred due to listed stock, the loss can be totaled for the past three years, but for that purpose it is necessary to file a tax return.[5]..If you are dependent or receive a spouse deduction, you must declare itExemption for dependents,Spousal deductionSince it is not included in the total income amount at the time of judgment, the tax amount may be cheaper if you do not dare to receive tax deduction or total loss and leave it withholding tax.[4][6].
  2. Comprehensive taxation
    Income tax is a comprehensive taxProgressive taxationIn Although,Dividend deductionTherefore, depending on the amount of income to be taxed, the tax rate will be lower if comprehensive taxation is selected.In that case, even if the tax is withheld by a financial institution, the tax amount can be adjusted (refund, etc.) by filing a tax return.However, since the dividend income will be declared in the final tax return, it will be included in the total income amount.The formula for calculating the amount of dividend deduction is quite complicated, see Tax Answer of the National Tax Agency for details.[7]..Here, only the total taxable income amount of 1000 million yen or less is described.
    • Dividend income related to dividends of surplus -10%
    • SecuritiesInvestment trustDividend income related to distribution of profits-5%
    • Dividend income related to distribution of profits of foreign currency-denominated securities investment trusts other than specified foreign currency-denominated securities investment trusts --2.5% (Foreign tax creditNote that there are also)
    When the dividend deduction is 10%
    The tax rate for the category of more than 695 million yen and 900 million yen or less is 23%, so if the original taxable income amount falls under this category, the tax rate of the comprehensive taxable dividend income added from here is 23. Since it is%, the tax rate is lower for comprehensive taxation.
    The tax rate for categories over 900 million yen and under 1800 million yen is 33%, so if the originally taxable income amount falls into this category, the comprehensive tax rate is higher.
    When the dividend deduction is 5%
    The tax rate for categories over 195 million yen and under 330 million yen is 10%, so if the originally taxable income amount falls into this category, the comprehensive tax rate is lower.
    Since the tax rate for the category of more than 330 million yen and less than 695 million yen is 20%, if the original taxable income amount falls under this category, the tax rate is the same for comprehensive taxation and separate tax return, so the procedure It is better to choose the simple filing separate taxation.
    The taxable income amount is various deductions (Basic deduction,Employment income deductionSince it is the amount after subtracting (etc.), it is smaller than the take-home salary.

Resident tax

There are such options for residence tax.You can choose a method different from income tax.Dividend income is about income tax, but since it is related, it is described together in this section.

  1. No tax return required
    Resident tax is 5%.If you do not file a tax withholding with a specific account with withholding, you will be taxed at this tax rate.In this case, since it is not included in the income based on the residence tax, the judgment of exemption from residence tax and the amount of insurance premium of National Health Insurance may be advantageous.It is usually the most advantageous, but if you file a final income tax return, you should be aware that if you do nothing, the residence tax will be automatically filed with the same content.
  2. Separate taxation
    Resident tax is 5%.However, if you file a declaration, the income tax will be levied at 5% on the dividend, and the amount already withheld (dividend rate) will be deducted from the inhabitant tax as a dividend deduction. Will be refunded[8]..Therefore, if the amount of income including dividend income is exempt from residence tax, it will not be taxed, and the actual tax will be levied only on the amount of income combined with other income minus the income deduction.If you use the tax return-free system, 5% will remain collected.[9]If the income tax is exempted even if the dividend income is included, or if the income deduction is larger than the income other than the dividend, it may be advantageous to declare it.
  3. Comprehensive taxation
    A tax deduction of a tax rate different from the income tax is usually deducted from the 10% residence tax.The income percent after applying the dividend deduction is taxed, and the withholding dividend percent is deducted or refunded.As in the case of separate tax filing, if the tax exemption is applied even if the dividend income is included, it may be more advantageous than using the tax return-free system.
    Here, only the total taxable income amount, etc. is described as 1000 million yen or less.
    • Dividend deduction for dividend income related to dividends of surplus-2.8%
    • SecuritiesInvestment trustDividend income related to distribution of profits-1.4%
    • Dividend income related to distribution of profits of foreign currency-denominated securities investment trusts other than specified foreign currency-denominated securities investment trusts --0.7%
    Since 5% <10% --2.8%, the tax rate is usually lower when using the separate tax return taxation or the tax return-free system than the comprehensive taxation.Furthermore, if the tax return-free system is used, the judgment of exemption from residence tax and the amount of insurance premiums of the National Health Insurance may be advantageous.

If you select comprehensive taxation in the final income tax return, if you do nothing, the inhabitant tax will also be the comprehensive taxation. You can choose a system that does not require a tax return for the collection account.The name of the document to be submitted varies depending on the municipality, but "Declaration of capital gains amount for specified dividends, specified shares, etc."[10]Such.This document is eLTAX Not subject to.

Other than listed stocks (including large shareholders)

No declaration requiredExcept for those who selected, it is a comprehensive tax.

Tax return-free system for small dividends, etc.

Domestic corporation[11]If the amount of dividends to be paid at one time is small (1 yen or less for annual dividends), do not declare it.Tax withholdingCan be done with. (Income Tax Law 24, 182, Measures Law 8-2, 8-5, 9-3, Heisei 18 Amendment Law Supplementary Provision 77.) Resident tax does not require declaration of small dividends, except for listed stocks.

Withholding tax

Private placementBondsEqual investment trusts and special purpose trusts are completed only by withholding tax and cannot be included in the final tax return by selection.

Small investment tax exemption system

From March 2014NISA, "Junior NISA" started in April 2016, and "Tsumitatate NISA" started in January 4.

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