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Monetary loss entry exception of expenditure
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- The system which can deduct all the expenditure which is expended from assessable income.
- As a general rule, a certain year is designated as standard, expenditure expenditure sum total after the next year and time before the preceding year most only the part which large amount compared to increases is dealt with deduction.
- Only the part which exceeds most large amount it expends at year after the applying this exception the year when it is as a standard, deals with deduction.
- Food expenses, almost cost of all purchase, with home such as clothing item, electrification product and aqueduct fuel and light expenses goods and service is dealt with deduction.
- Territory acquisition or the retention of the receipt regarding the goods and service which purchase is required, (3 - 5 years)
- It requires the verification of the licensed tax accountant concerning the increase part of expenditure, the voucher which proves increase amount (effect of ●● ten thousand Yen increase) attachment (the paste it attaches to the declaration of income tax and) it requires the fact that it can point.
- When this system, if consumption does not extend, does not become tax reduction, when consumption extends, because increase of income tax income tax consumer tax is anticipated through the improvement of the enterprise achievement and the improvement of employment and the increase etc of income, consumption expanding as a result, it does not do and also the produces good effect on economic public finance.
- This system, if income tax assessment is large, because the large extent consumption enlargement effect is anticipated, when abolition reduction of various tax deductions and allowances is done this system introduction as a period, is thought as the thing where also the consumption enlargement effect is large.
- Burden of the taxpayer such as retention of the receipt and management of the account book increases, but strange feeling from the fact that the majority of the housewives has attached the housekeeping, at the time of introduction particularly is thought as the thing which is not.
tomohiro niibori ibaraki Japan
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