Updates to the National Tax Agency’s COVID-19 FAQs
202011.20
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Updates to the National Tax Agency’s COVID-19 FAQs

~The GoTo Campaign and Deduction of Medical Expenses~ Introduction On October 23, 2020, the National Tax Agency provided an update to its “FAQs about the tax treatments for the tax filing and tax payment procedures, etc. relating to the prevention of the spread of COVID-19”. The update mainly provided clarification on the tax treatment regarding…

Advantages of tax system for SEMs in Japan
202011.02
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Advantages of tax system for SEMs in Japan

In Japan, companies are primarily determined according to the amount of invested capital funds as to whether they can be classified as SMEs (Small and medium-sized entities). A company established in Japan can benefit from a variety of tax-related procedures in the event it becomes a small and medium-size entity. Consequently, a company incorporated in…