Filing a tax return after the due date

  • If a tax return is filed after the due date, an additional tax for non-filing may be imposed.
    1. If a tax return is filed after receiving a notice from the tax office, as a general rule, a penalty of 15% of the tax amount up to 500,000 yen and 20% of the amount exceeding 500,000 yen will be imposed.
    2. If a taxpayer voluntarily files a tax return before receiving a notice from the tax office after the due date, a 5% penalty will be imposed on the tax amount.
    3. No penalty is imposed if all the following conditions are met.
      • The tax return is voluntarily filed within one month of the due date.
      • The full amount of tax due date has been paid by the statutory due date (March 15).
      • The taxpayer has not been subject to additional tax for non-filing or heavy extra tax for five years.
  • The special deduction for the blue return is 100,000 yen instead of 650,000 yen.
  • The due date for payment in the case of an on-time return is March 15 for income tax, while the due date for payment in the case of a post-due return is the date the return is filed.
  • Net loss carryforward credit will be available, but a net loss reversal refund will not be available.