Blue tax returns involve recording your daily transactions in designated books and filing correct tax returns based on those books, allowing you to receive various tax benefits.
Main benefits
1. You can deduct up to 650,000 yen from your income.
2. Salaries paid to spouses etc. can be included in necessary expenses.
3. Losses can be carried forward for three years.
4. Special depreciation allowances available.
etc.
If you wish to file a blue return, you must first submit an “Application for Approval of Blue Return Filing for Income Tax” to the tax office in your jurisdiction.
For more information, please visit the following website.
National Tax Agency official website : https://www.nta.go.jp/english/index.htm