Tax
What is Tax Audit（税務調査）? In Japan, you declare your Sales, Cost, Profit and so on to calculate your tax amount to be paid. This is called the Tax Return. You are required to do this within 2 months after your Fiscal year ends. If everyone is honest, this system is OK. But there are someone…
Tax
Outline of Consumption Tax If you are a company or a sole proprietorship doing business, you are probably dealing with the consumption tax like below. 1.【Sales】 Add 10% consumption tax to the sales price and charge it to the customer. 2.【Purchase】 Payment with 10% consumption tax added to the purchase price The consumption tax…
Tax
There are many times when you entertain your clients at a restaurant, such as during business meetings or sales meetings. Of course, if the food and drinks are related to business, you can use them as company expenses. But aren’t you satisfied with just getting a receipt? In fact, receipts alone are not enough to…
Tax
Hi there! Thank you for visiting our website. I am Masa, a Tax accountant in Japan. Today I’m going to talk about Taxes when you sell your house. When you sell your condominium, detached house, or land, you are subject to Income tax and Inhabitant tax. However, if there is no “profit” from the sale…
Tax
Hi there! Thank you for visiting our website. Today, I’d like to introduce the taxation of Cryptocurrencies for both corporations and individuals. With Mr. Musk’s comments in May 2021 and the tightening of regulations in China, I can’t deny that the bubble market has collapsed so far, but I only hold on to the belief…
Tax
As a Tax accountant, I often hear people say; “Taxes in Japan are so expensive!” “Because the tax rate is progressive, the more I earn, the higher the tax rate is.” “It makes me want to work less hard.” As you may know, the income tax rate in Japan is high compared to other countries….
Tax
At this time of year, you may see a lot of posters calling for Tax returns. A Tax return is an important procedure to pay your income tax. But you may not be familiar with it if you are employed by a company. Let’s get into the outline of a Tax return and how to…
Tax
The financial burden on wealthy people has been increasing almost unknown widely. Probably, most of you haven’t recognized or overlooked them since each revision itself has a slight impact on your burden. But even if you are rich, you can’t ignore them when you think about the total amount you are going to pay…
LIFE HACK
Have you ever heard of “Furusato Nozei” (ふるさと納税 literally translated to “Hometown Donation Program“)? You may recognize this as a measure to reduce your tax amount. But what is it actually? In this page, you’ll find what “Furusato Nozei” really is. Furusato Nozei is a donation to municipalities you would like to give financial…
Tax
What’s Year-end Adjustment（年末調整）in Japan? In December, companies in Japan are busy dealing with Year-end Adjustment（年末調整）. But what is it like? On this page, you’ll find what the Year-end Adjustment is about. Adjustment of individual income tax The amount of income tax is determined based on your income for the calendar year. Some may think…
Incorporation
Foreigners in Japan reached one million people in 2016 and the government expects them to compensate for declining workforce in Japan. Some of those think of setting up their own business. In this page, you’ll figure out how to set up a company (KK) in Japan. See this on YouTube↓ No additional procedures needed…
Tax
If you work for a company in Japan, you won’t basically get the full amount of salary. In this page, you’ll figure out what kind of deductions you have and how they are calculated. Deductions Here are items that are deducted from your monthly salary. Income tax（所得税） Inhabitant tax（住民税） Health insurance fee（健康保険料） Pension premium（厚生年金保険料） Labor…
Certified Accountant / Business Advisor / Taxation Consultant based in Tokyo.
Lover of traveling, climbing mountains, reading books, learning new languages, and gym.
