Does income tax withheld from a lump-sum withdrawal payments can be refunded?
In order to receive the income tax refund, you need to appoint a "Tax Agent" to submit a “Notification of Tax Agent” and to make the refund application on the grounds of taxation on retirement income at the taxpayer's option.
The three cases are stated below.
- Application for refund of both a lump-sum withdrawal and 20% income tax charged on it
- Application for refund of a lump-sum withdrawal alone
- Application for refund of 20% income tax after completing B by yourself
※1 Labor and Social Security Attorney is responsible for refund of a lump-sum withdrawal payments, while Tax Accountant for refund of income tax.
※2 Application for the Income tax refund deducted from the Lump-Sum Withdrawal payments is valid for 5 years.