Nagamine & Mishima Accounting Office

Accounting practice since 1989

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Monthly Checklist July 2014

« View All Monthly Checklists

✔ 7/1-10 Annual basic pay revision for social insurance (Health insurance, Long-term care insurance, Employee’s pension)
✔ 7/10 Withholding Payment (Income Tax, Local Tax)
✔ 7/10 Semiannual Withholding Payment (Income Tax)
Those with withholding obligations that pays salaries to fewer than 10 employees can settle withholding income tax on a semiannual basis as indicated below.
(Application must be submitted and needs to be approved by the Tax Office)
Income tax withheld between Jan and Jun   → Due Jul 10th
Income tax withheld between Aug and Dec   → Due Jan 20th
✔ 7/10 Annual renewal for labor insurance (Employee’s insurance and worker’s accident compensation insurance)
<1st Installment out of 3>
2nd Installment due October 31st
3rd Installment due January 31st
✔ 7/15 Application for reduction of estimated Income Tax. If expected income tax based on situation as of June 30 is less than the previous year for reasons such as, closing or suspension of your business, unemployment, business depression, losses resulting from natural disasters, medical expenses or an increase in the number of dependents, there is a good chance of getting some reduction.
✔ 7/31 Estimated Income Tax Payment
<1st Installment out of 2>
2nd Installment due November 30st

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*Individual Activities in orange

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People are Talking

  • “I had the privilege of working with Nagamine and Mishima over the last 1 year and has been most impressed with their level of professionalism and standards.  They always provide us with good advise on the local accounting requirements and standard.  Also they are always on time in their accounting report submission and have always met our needs for adhoc requests.  This arrangements best suit our needs and allow us not to invest in our own accounting headcounts as we have an accounting partner that meet our needs fully.”

    Chia Sin Jin, Finance Director

    Unity Technologies