Temporary income tax

Temporary income refers to income of a temporary nature that is not a consideration for labor or service but a consideration due to the transfer of assets or the like, even though it arises from continuous acts aimed at profit

Temporary income includes prize money and sweepstakes prizes, horse racing and bicycle race payments · money and life insurance gifts gifted by corporations · lump-sum payments and damage insurance maturity repayment etc.

Temporary income is calculated by totaling the amount corresponding to 1/2 of that with other income such as salary income and applying it to the income tax rate table to calculate the tax amount or tax

Temporary income final return declaration · Special deduction

Tax calculation for temporary income
{(Total income amount – amount spent to earn its income – special deduction
amount 500,000 yen) × 1/2} × tax rate