Tax implications of the small business mutual aid prepayment refund/income
After paying this year's small business mutual aid premium I received a small transfer from them. Apparently you get a certain amount back for prepaying, and once that adds up to over ¥5000 they send it to you.
For income tax purposes do I need to deduct this from my small business mutual aid payment amount for this year? Or is it some other kind of income, or what?
2 comments · 100% upvoted · other discussions
It looks like you should treat it as business income based on the day you receive it.
m50d [OP] 1 points · Jun 2024 · 5-10 years in Japan
Small business rather than management safety, so sounds like I deduct it from my premium payment, but thanks for pointing me to the right place!