2021 Furusato Nozei Question Thread

[hark]

@brokenroad any time in 2022.

But new grad pay in Japan is usually not that generous, so you're not looking at much of a benefit from Furusato Nozei.

 

[pinbackbsc04]

@mototothemax Since crypto is taxed as misc income and there is no field for misc income for both calculators above (unless I just missed the words), do I just add my total gains from crypto to the first field (income)? https://www.furusato-tax.jp/about/simulation

 

[kristhuy]

@pinbackbsc04

do I just add my total gains from crypto to the first field (income)?

The first field isn't "income", it's "employment income" (給与収入). Employment income is taxed differently to miscellaneous income, so adding them together won't give the correct result.

You need to use a calculator that allows for miscellaneous income, such as this one by Rakuten.

 

[hark]

@kristhuy does the Rakuten one return correct numbers?

It's giving me different numbers (smaller by about 30000 yen) from all the other simulators and the other simulators seem to have worked correctly in terms of what's been deducted from my residence taxes for the last few years.

 

[mototothemax]

@pinbackbsc04 I think so, unless it's

 

[pinbackbsc04]

@mototothemax I figured this question doesn't deserve a new thread, so I'll ask here: what are you guys planning on buying?

I'm a boring person--might do a bit of wagyu followed by way too much rice.

 

[eyes4grandpa]

@pinbackbsc04 Cutlery is always nice. Got a sweet set of knives and forks from home of the katana crafters Seki Shi last year.

 

[janelyn]

@pinbackbsc04 Toilet paper! Doesn't go bad, I'll always need it and will never get sick of it.

 

[thullqst]

@pinbackbsc04 The most interesting one I got this year was a new printer, a nice little Epson Colorio that is proving itself handy now that it's Christmas card and nengajo season.

 

[mototothemax]

@pinbackbsc04 I am a huge fan of monthly veggie boxes like https://www.furusato-tax.jp/product/detail/41207/4633656

 

[newcityn8]

@pinbackbsc04 I've done alcohol before, unnecessary amount of alcohol... So I'll go 180 this time and setup monthly fruits and vegetables for the whole year.

 

[abbuke]

@mototothemax When registering for furasato nozei on some sites (e.g. PayPay), I'm unable to write my middle name due to character limits. Will this matter when I try to claim tax benefits or is this simply for the service and will not be transmitted to tax authorities?

 

[angroth33]

@abbuke I’ve done everything without the middle name and had no issues. (Not using one stop)

 

[abbuke]

@angroth33 Thanks for the input!

 

[jaz2016]

@abbuke I put my first and middle name together in the first name field and have never had any issues.

 

[abbuke]

@jaz2016 I have a problem with actual character limits. First + Middle doesn't fit (and sometimes they don't allow spaces either).

 

[jaz2016]

@abbuke Ah, I see. I use Furusato Choice and haven’t had that issue with name length. They don’t allow spaces either and running first and middle together has been no issue for me come tax time.

 

[abbuke]

@jaz2016 That's good to know - thank you

 

[resjudicata]

@mototothemax QUESTION: I moved to Japan in 2020 with no income, got my job in 2021. So should I wait to make furusato next year as I don't have taxes to pay this current one?

 

[foreverhis32]

@resjudicata The Furusato donations you make in 2021 are a tax credit for 2021 residence taxes (which are payable in 2022). So if you earned income in 2021, then you can do FN this year.