Making Tax Returns Easier with My Number Card

The Japanese government has recently announced that medical expenses and Furusato Nozei (a local donation tax) can now be easily deducted using the My Number Card. This is a great step forward in making the tax return process simpler for citizens, as it will no longer require them to manually enter their income and other deductions such as donations or expenses. The My Number Card Coordination Council has requested the National Tax Agency to make this change a reality. This new system should make filing taxes much easier for citizens of Japan, who are currently required to fill out their income and other deductions on paper forms. With the My Number Card, all of this information can be stored electronically and accessed quickly when needed. This should save time and effort for both taxpayers and tax collectors alike. The new system is expected to reduce errors in tax returns, as well as provide more accurate data for the government’s analysis of economic trends in Japan. It will also help protect against identity theft by ensuring that only authorized individuals have access to sensitive financial information. Overall, this new system should make filing taxes easier and more efficient for everyone involved. It is an important step towards modernizing Japan’s taxation system and making it more user-friendly for citizens across the country.