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…

Looking at the Future of Tax Audits
202010.09
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Looking at the Future of Tax Audits

1. Introduction Due to the effects of the COVID-19 pandemic, tax audits on new businesses were effectively postponed until September 2020. As the state gradually engages again with economic and social activities, tax audits also properly resumed in October 2020. In this article, we would like to take a look at how tax investigations are…

Inhabitant Taxes in Japan
201802.18
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Inhabitant Taxes in Japan

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…