Regarding the Group Aggregation System
202108.20
0

Regarding the Group Aggregation System

Introduction In the Act for Partial Revision of the Income Tax Act and Other Acts (Act No. 8 of 2020) promulgated in March 2020, the consolidated tax payment system underwent a review and was shifted to the group aggregation system. This transition will be effective for fiscal years beginning on or after April 1, 2022….

202108.16
0

What is considered illegal employment and what are the consequences if a company were to condone such activities? Avoid illegal employment with the help of this guide.

by in Visa

Foreigners working in Japan are required to follow the rules set forth by the Immigration Control and Refugee Recognition Act (Immigration Act). Working activities that violate these rules are tantamount to illegal employment. Illegal employment is prohibited by law. Not only will the foreigner receive harsh penalty, but the employer that has allowed the foreigner…

202108.13
0

What is a “Dependent” Visa?

by in Visa

1. What is the “Dependent” status? The “Dependent” status of residence is granted to the spouse or child of a foreign national who is planning on staying in Japan for a medium to long term period and already processes a status of residence such as “Student” or any other variant of a labor visa. Most…

202108.06
0

What is “Intra-Company Transferee” Visa?

by in Visa

1. What is the “Intra-company Transferee” status? “Intra-company Transfer” is a status of residence for those who are transferred/ reassigned to work for an office in Japan (Branch or Subsidiary) through a foreign affiliated company or organization. There are limitations for the period for which the transferee may stay. The period of stay can either…

Corporate Reorganization Taxation System
202105.20
0

Corporate Reorganization Taxation System

Introduction With the prolonged effects of COVID-19 causing uncertainties for the future, many companies may feel the necessity to review their management strategies. In this context, an increasing number of companies are considering a “corporate reorganization”. Reorganizing can be done internally and externally to expand or reduce the size of the company organization in order…

About the Invoice System
202104.20
0

About the Invoice System

Introduction With October soon approaching, it brings the start of the registration process for qualified issuer registration, as more and more companies may be preparing in earnest for the introduction of the Qualified Invoice Preservation System (Invoice System), which will start on October 1, 2023. We will provide you with an overview of the new…

Accounting and Tax Treatment for Stock Options
202103.30
0

Accounting and Tax Treatment for Stock Options

Introduction Stock options have gained attention in Japan recently as a means to motivate employees, as they are expected to generate capital gains linked to the company’s performance. In this article, we will take a look at the outline, structure, types, accounting and tax treatment of stock options. What are Stock Options? A type of…