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…
Restoration Tax or Surtax is an addition tax imposed on companies in order to recover from big natural disasters, help cover the costs of reconstruction. These days corporate tax rate was lowered by 35,64% and Government Tax Commission is discussing the further reduction of Japanese corporate tax. In addition to corporate tax reduction, in order…
Today we will be addressing FAQs concerning inhabitant taxes in Japan. Q : Who is liable to pay inhabitant or residence tax? A : Inhabitant (or residence) taxes are paid in Japan only if you are a resident*. Nonresidents don’t need to pay this tax. *You don’t need to pay residence taxes if you are…
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