Overview

Second installment of estimated income tax. Pay the amount specified in the notification received in June. A reduction application can be filed November 1-15.

Schedule

Every year on 11/30 (or next business day)

Applicability

• Applicable to: Individual

Authority

Additional Details

The 2nd installment — the same amount as the 1st (one-third of the base amount) — must be paid by November 30. If only the 2nd period reduction is needed (e.g., income dropped in the second half of the year), a Reduction Application can be filed between November 1 and 15 based on conditions as of October 31. If a 1st period reduction was approved, the 2nd period amount is automatically adjusted accordingly. Estimated tax payments are credited against the final income tax at year-end. Any overpayment results in a refund.

Penalties for Non-Compliance

Same as the 1st period — failure to pay by the deadline results in delinquent tax (延滞税): • 2.4%/year for the first 2 months, 8.7%/year thereafter (Reiwa 7 special rates). No failure-to-file penalty applies (payment obligation only).

Legal Basis