年末調整(ねんまつちょうせい)

ねんまつちょうせい
noun
year-end tax adjustment
formalfinancework
1. year-end tax adjustment
The process by which employers reconcile the income tax withheld from employees' salaries throughout the year with the actual tax owed, typically done in December. Results in either a refund or additional deduction.
年末調整(ねんまつちょうせい)の書類(しょるい)を提出(ていしゅつ)する。
Submit the year-end tax adjustment documents.
年末調整(ねんまつちょうせい)で還付金(かんぷきん)があった。
I got a refund from the year-end tax adjustment.
The insurance premium deduction certificate is needed for year-end tax adjustment.

Etymology

年末(ねんまつ) (year-end) + 調整(ちょうせい) (adjustment)

Cultural note

In Japan, employers withhold estimated income tax (源泉徴収(げんせんちょうしゅう)) from monthly salaries. 年末調整(ねんまつちょうせい) reconciles the total withheld with actual tax liability, accounting for:

Related words