As I mentioned previous info. that a sole proprietorship needs to file to get a benefit of Flat amount cut of personal income tax on your final tax return in 2025 during final tax return period. However, even a sole proprietorship, those whose flat amount cut of personal income tax exceeds the estimated income tax amount of 2024, you will receive an information of these from your city gov. This information has been or will be delivered to the person whose.
You may realize that income tax amount for 2024 cannot be finalized at this moment. A year of 2024 is still on going, so how do they calculate this?
It is done on the basis of your 2023 personal income tax. In case the amount of your income tax for 2024 is different from 2023, the difference of tax will be adjusted in 2024 final tax return period.
If you receive this information from your city Gov., please fill in the application and return it as soon as possible. Then you can enjoy this benefit earlier.
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