Tax in English Part 19

Medical expenses paid during the year

Medical expenses

Medical expenses = medical expenses paid during the year exceeding 100,000 yen are deductible as a tax deduction.

Here are some expressions related to "OTC medicine" introduced in the last issue of this newsletter.

Exception for medical expenses deduction = Exception for medical expenses deduction

In the "Exception for medical expenses deduction

Purchase costs for certain non-prescription OTC medicines

OTC medicines" is defined as "non-prescription OTC medicines".

OTC drugs" is translated as "non-prescription OTC medicines.

You can understand that "OTC" stands for "Over the Counter" as it is translated as "non-prescription OTC medicines".

In the next issue, we will look at other translations of "OTC medicines" and compare them!