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For announcement of residence tax taxation system revision 2013 conduct

Last update date March 5, 2019

Contents of the taxation system revision of personal residence tax carried out from 2013 are as follows.

Amount of reduction for life insurance was revised

About (recontract) such as insurance contracts that we contracted after January 1, 2012, amount of reduction for life insurance was revised as follows.

(1) Care medical care premium subtraction (application limit 28,000 yen) was established newly.

(2) General amount of reduction for life insurance, application limit of each individual annuity premium subtraction were 28,000 yen.

In addition, about (old contract) such as insurance contracts that we contracted before December 31, 2011, there is no change. Calculation methods of deduction of recontract and old contract are as follows.

[recontract]
Payment amount of moneyDeduction
12,000 yen or lessThe total amount of payment amount of money
32,000 yen or less more than 12,000 yenPayment amount of money X 1/2+6,000 yen
56,000 yen or less more than 32,000 yenPayment amount of money X 1/4+14,000 yen
More than 56,000 yen28,000 yen
[old contract]
Payment amount of moneyDeduction
15,000 yen or lessThe total amount of payment amount of money
40,000 yen or less more than 15,000 yenPayment amount of money X 1/2+7,500 yen
70,000 yen or less more than 40,000 yenPayment amount of money X 1/4+17,500 yen
More than 70,000 yen35,000 yen

※Deduction when we receive application of subtraction about both recontract and old contract is amount of money (a maximum of 28,000 yen) that added up deduction to modify deduction and former contract to modify recontract.
※Application limit that added up general amount of reduction for life insurance, individual annuity premium subtraction, care medical care premium subtraction is 70,000 yen.

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Financial Leading court lady tax part Tax Division

Telephone: 045-671-2253

Telephone: 045-671-2253

Fax: 045-641-2775

E-Mail address [email protected]

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