About final tax return for Furusato Nozei

A final tax return is a process of calculating the amount of tax to be paid based on the income earned from January 1st to December 31st, and filing the tax return and to the tax office. Regarding a final tax return, there are "those who need to file a final tax return,'' "those who can receive tax refunds and deductions by filing a final tax return,'' and "those who do not need to file a final tax return.'' Most company employees (salary earners) do not file a final tax return on their own, as their company determines their income and taxes for the year through year-end adjustments. However, since the Furusato Nozei procedures are not processed through the year-end adjustment, you must complete the procedures of final tax return or One-stop Special System by yourself. Additionally, by filing a final tax return, you may be able to receive deductions for housing loan and medical expenses. If you have applied for Furusato Nozei, please note that you will not be able to receive a tax refund or deduction unless you complete the procedures.

Here, we will explain who is in the category of "those who need to file a final tax return" or "those who can receive tax refunds and deductions by filing a final tax return". For those who do not need to final tax return, there is also a simple method called the "Furusato Nozei One-stop Special System", although there are conditions for applying for it. This system is explained in detail in " Furusato Nozei Procedures - Steps from Application to final tax return ".

Those who need to file a final tax return

Those who need to file a final tax return are listed below; Those who run their own businesses, those who have real estate income, those who generate income from buying and selling real estate or membership rights, those whose salary exceeds 20 million yen, and those who receive a fixed amount of salary from two or more companies (the total of salary income without year-end adjustment and various income amounts excluding employment income and retirement income exceed 200,000 yen), and those who have side income even if the salary is received from one place and the income alone exceeds 200,000 yen. Since you are originally required to file a final tax return, be sure to also file including Furusato Nozei payment.

Those who can receive medical expense deductions and housing loan deductions by filing a final tax return

Many office workers determine their annual income and taxes through year-end adjustments in their companies. But they can receive tax refund/deduction by filing a final tax return, in the condition such as when you pay a large amount of medical expenses or when you purchase or renovate a house. In this case as well, be sure to include the "Furusato Nozei" amount when filing a final tax return .

Those who apply for Furusato Nozei payments in a year to more than 6 Municipalities.

In order to use the “One-stop Special System”, there is a condition that “the applicants for Furusato Nozei payment in a year must be 5 Municipalities or less”.
In other words, if you apply for Furusato Nozei to more than 6 Municipalities, you cannot apply for "One-stop Special System."
In addition, if you file a final tax return with deductions for medical expenses and housing loan, or apply for Furusato Nozei to more than 6 Municipalities, the application for the "One-stop Special System" will be invalid even after applying it". Please note that even if you apply multiple times to the same Municipality, it will be counted as one Municipality.

Those who did not meet the application deadline for the "One-stop Special System"

The application deadline for the One-stop Special System is January 10th of the following year of Furusato Nozei donation. If you do not apply by the deadline (the "Special Declaration Application Form for Donation Tax Deduction", personal number confirmation, and identity verification documents are not delivered to the Municipality), you will not be able to apply for "One-stop Special System" and the deduction will not be made. In that case, you can receive the deduction by filing a final tax return.

Here, we will explain the process from applying for Furusato Nozei payment to filing a final tax return. Please refer to the `` Furusato Nozei Donation Procedures - Flow from Application to final tax return '' for more details.

First, select the Municipality to which you would like to apply for donations through Furusato Nozei . It doesn't have to be the hometown where you were born. You can choose based on how you agree with how the donation will be used, or you can choose based on region you have fond memories of where you have lived or visited on a trip, the Gift of Thanks , or popularity rankings.
If you are a Municipality introduced in " MOGUFULL ", you can easily complete everything from application to payment in one stop.

Once you have decided on the Municipality you would like to donate to, you can easily apply from the Gift of Thanks or Municipality page. Additionally, many Municipality accept credit card payments on MOGUFULL . Depending on the Municipality, you can also pay at a convenience store.

You will receive a Furusato Nozei receipt certificate certifying that you have received the Gift of Thanks or donation from the Municipality where you applied for hometown tax donation, as well as documents related to the Furusato Nozei One-stop Special System. Please note that the timing of delivery of each document varies depending on the Municipality, and not all documents may arrive at once. The "Donation Receipt Certificate" is a necessary document for final tax return. Please keep it in a safe place so that you do not lose it.

In order to receive a refund or deduction for Furusato Nozei donation, you will need to final tax return(those using the "One-stop Special System" do not need to final tax return). At first glance, you might think it's a pain, but if you follow the steps, it's not complicated. The application documents necessary for final tax return are available at tax offices nationwide, and you can also create and file the application documents on the National Tax Agency website. When filing a final tax return, you will need a ``withholding tax slip'' from your workplace and a ``donation receipt certificate'' issued by the Municipality after making the donation. Also, be sure to have a bank account and a personal seal ready to receive your refund.
Please note that the deadline for final tax return is March 15th of the year following the donation, so please make sure to complete the procedure by the deadline (even if you miss the final tax return deadline, you may be able to receive a deduction. For more information (Please refer to " [3] What is the timing/deadline for filing a final tax return/refund? ").

When you final tax return , you will receive a deduction of 8,000 yen if you applied for 10,000 yen hometown tax, which is the amount you donated minus the 2,000 yen Furusato Nozei .
The tax that will be deducted or refunded is 8,000 yen, but this 8,000 yen will not be transferred to your account in full. Tax savings due to Furusato Nozei tax payments are divided into income tax and resident tax and are deducted separately. The income tax portion will be refunded from the taxes already paid (in the case of income such as salary, the income tax portion is deducted*), but the amount will be refunded after the income from January 1st to December 31st is determined. The resident tax that is determined will be paid the following year. Therefore, the amount of resident tax Furusato Nozei be deducted from the amount that should be paid.

*For those who have income other than salary, income tax may be deducted as a reduction of the tax amount instead of a refund.

The final tax return period is, in principle, from February 16th to March 15th of the following year (this may vary depending on calendar closing dates, etc.).
A final tax return is the process of calculating the amount of tax to be paid based on the income earned from January 1st to December 31st, filing a tax return and paying the tax at the tax office, so if you have already paid taxes, etc. If you pay too much tax, you will get the tax back (refund), and if there is a shortage, you will have to pay additional tax (tax payment). This is a procedure to settle the excess or deficiency of taxes by determining the amount of annual income. “Refund filing” refers to the amount of income tax withheld from salary, etc. and estimated tax payment (a system in which a portion of tax is paid in advance assuming that the income is the same as the previous year) even if there is no obligation to submit a final final tax return.) If the amount of income tax you paid is greater than the amount calculated for your annual income, you can receive a refund of the overpaid income tax by filing a final tax return. This declaration is called a refund declaration. In other words, if you do not need to file a final tax return, but wish to receive a refund or deduction for Furusato Nozei payments, housing loan, medical expenses, etc., you will file a tax return. However, there is no special format called a "refund declaration form." The basic procedure is the same as for final tax return, so use the same tax final tax return form.
The final tax return period is, in principle, from February 16th to March 15th of the following year, but refunds can be filed from January 1st of the following year, and the filing deadline has been extended to 5 years. In other words, the filing period for those who paid Furusato Nozei between January 1 and December 31, 2023 differs as follows, depending on whether they file a final tax return or only file a refund.

• ○ final tax return: February 16, 2024 to March 15, 2024
• ○ Refund application: January 1, 2024 to December 31, 2028

There is no need to rush just because you missed the final tax return deadline; if you file a final tax return using Furusato Nozei , you can go back five years.

If you apply for Furusato Nozei payment and file a final tax return(refund declaration), you will need the following: Please note that if you have filed a tax return other than Furusato Nozei(donation) or have income other than salary, other documents may be required.

"Donation Receipt Certificate"

When you apply for Furusato Nozei, the Municipality will send you a "donation receipt certificate." If you lose it, you can contact the Municipality and have it reissued, but depending on the time of year it may take some time to get it reissued, so be careful not to lose it.

Withholding slip

Please check with the department in charge, such as the human resources department at your place of employment.

Document that shows the account number for receiving the refund

If there is a refund, the money will be transferred to a bank or post office account.

My number card etc. that understands my number

Starting with the final tax return for 2016, a column for entering the individual number will be added. At this time, the tax office will require the applicant to present or attach a copy of the applicant's identity verification documents for identity verification (number verification and identity verification) to prevent identity theft. Specifically, if you have a My Number Card, you can verify your identity using just your My Number Card. If you do not have a My Number card, please bring a number confirmation document (such as a My Number notification card or a residence card with your My Number written on it) and an identification document to confirm the owner of the My Number (driver's license or passport). etc.) will be required. If you submit your tax return via e-Tax online, you do not need to present or submit copies of identification documents.

signature stamp

This is a stamp for stamping the tax return. It doesn't have to be a registered seal or a bank seal, you can use an ordinary seal, but please note that Shachihata cannot be used. No e-Tax stamp is required.

You do not have to go to the tax office to file a final tax return.
You can download and create tax returns from the National Tax Agency's website, and there is also an electronic national tax return service called e-Tax that allows you to send tax returns online.

final tax return return forms are available at tax offices nationwide and the National Tax Agency website. Fill out the required information and mail it to the tax office in your jurisdiction, or bring it directly to the tax office.
Downloading final tax return returns, etc. (National Tax Agency homepage)

You can also create a tax return on the National Tax Agency's final tax return website . Print out the completed tax return and mail it to the tax office with jurisdiction or bring it directly to the counter.

You can use the My Number Card method of e-Tax, which allows you to submit tax return documents via the Internet, from creating tax returns to sending them. There are advantages such as saving the trouble of printing out and mailing, and omitting some documents to be submitted.
[National Tax Agency] Good things about e-Tax

All you have to do is follow the instructions on the screen, so if you're used to using a computer, it's not that difficult. With e-Tax, you need to set up a card reader and electronic certificate (you also need to purchase a card reader), but there are many benefits such as not needing documents or stamps that are required when mailing. , Please try the challenge.

This concludes the explanation regarding when to final tax return using Furusato Nozei .
On MOGUFULL, you can search for the Gift of Thanks by ranking , etc. Let's check it out right away.