Procedires for the Payment of Resident's (Inhabitant's)
Tax for Fiscal 1995
City of Yokohama
The resident's tax is, together with the property tax, one of the most important sources of revenue for City of Yokohama. All taxpayers are therefore requested to understand the importance of the resident's tax and cooperate in its payment.
The taxatian system and the procedures for the payment of the resident's tax are explained below. You are requested to familiarize yourself with the system and procedures.
1. The taxation system and procedures for payment
If you have your residence in this city as of January 1, 1995, you will be assessed for resident's tax on the basis of your income during the preceding year, (i.e., your resident's tax for fiscal 1995 is determined on the basis of income earned during 1994.)
If you are a salaried worker, the chief of the ward of the City in which you reside notifies you and your employer by May 31 of the amount of resident's tax to be paid by you. Your employer is required to withhold the resident's tax an a monthly basis from your salary over the 11 month period from July of that year to May of the following year. The tax collection system for this tax is similar to the withholding system for your Income tax.
The amount of resident's tax to be paid on retirement allowance, however, is assessed on the basis of the amount of your retirement allowance only, excluding additional income. The tax is collected when the retirement allowance is paid.
2. Procedures for the payment of resident's tax for persons who expect to retire from their present jobs, or leave Japan (either permanently or for more than one year)
You are required to pay the remainder of your resident's tax (i.e., the uncollected portion of tax), which would otherwise be withheld monthly from your salary over subsequent months, according to the following procedure:
