Does MakeLeaps support withholding tax?
- Yes, we support withholding tax using a standard calculation:
Tax on the amount up to 1 million yen | Tax on the over 1 million yen |
Expenses × 10.00(%) | (Expenses – 1 million) × 20.00(%) + 1 million |
- We also support the Japanese Special Reconstruction Tax. Please refer to “What is the Japanese Special Reconstruction Tax being applied as of the 1st of January, 2013?”.
- While this is the correct calculation for many situations, please ensure that it is correct for your profession by contacting a MakeLeaps partner accountant or the National Tax Agency.