- April 18, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Confusion Regarding Tax Obligations for Secondary Income
Hello, I scoured the sub but find myself confused. I work PT for a company who does the tax calculations for me. This year I’m going to take on freelance work where I expect to earn a few 万 a month, as extra on top of my PT job. Do I need to inform the start of income (個人事業の開業 form) if it’s secondary income or do I just file a final tax return next year to declare the extra income? Or both?
With the AI Legalese Decoder, you can easily navigate through the complex tax laws and regulations to determine your obligations when it comes to secondary income. The AI can provide you with clear and concise information on whether you need to inform the start of income or file a final tax return for your additional freelance earnings.
## Seeking Guidance on the ‘Invoice’ System for Freelance Work
Would someone be able to point me in the right direction for learning about the ‘’invoice’’ system? Trying to search (in English) about freelance work has lead me to info about visas.
The AI Legalese Decoder can assist you in understanding the ‘invoice’ system for freelance work and provide you with resources to learn more about the process. By utilizing the AI, you can easily access relevant information in your preferred language and avoid getting sidetracked by irrelevant information about visas.
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> Do I need to inform the start of income (個人事業の開業 form) if it’s secondary income
It depends whether it will be “business income” or “miscellaneous income”. See [this post](https://www.reddit.com/r/JapanFinance/comments/y120o5/new_nta_guidance_business_income_vs_miscellaneous/) for a detailed discussion of the distinction between the two. As long as it’s “miscellaneous income”, you don’t need to notify anyone.
> do I just file a final tax return next year to declare the extra income?
Yep.
> Would someone be able to point me in the right direction for learning about the ‘’invoice’’ system?
[This thread](https://www.reddit.com/r/JapanFinance/comments/128iwv8/invoice_system_questions_thread_april_2023/) from last year is a good place to start.