Suggestion of Cryptocurrency Evaluation in Taxation in Japan 2024

by Aki Kojima | Aug 25, 2024 | Corporations

Introduction: A New Era of Cryptocurrency Taxation The dynamic world of cryptocurrency is ever-evolving, and Japan is no exception. The country’s stance on cryptocurrency taxation has seen significant shifts, with the latest updates from the Liberal Democratic...

Reasons why you must file a final tax return when you become a sole proprietor｜Mechanism of withholding tax Tax for individuals

by Aki Kojima | Aug 24, 2024 | Individual & Freelancers

I will explain final tax returns and withholding tax. If you understand this point, you will know why you must file a final tax return as an employee. Income tax return when you are a salaried worker As a salaryman, I didn’t have to file a tax return. The...

Depth of inheritance tax and land valuation, and land usability can reduce valuation.

by Aki Kojima | Aug 23, 2024 | Inheritance, Gift, Equity Valuation

A significant point in calculating inheritance taxes would be the valuation of assets. For cash, 100 million yen is valued at 100 million yen. However, how much would a 100 million yen piece of land actually be valued? Naturally, there is a method of estimating...

Types of Spending which reduces Personal Taxes | Income Deduction Japan

by Aki Kojima | Aug 22, 2024 | Individual & Freelancers

Reducing taxes is everyone’s dream. Even if no one wants to break the law, many people want to explore how to reduce it within the limits of the law. There is also a way to consider “whether it will cost”. But for the same amount spent, there are...

Tax Reform Insight: Potential Tax Hike for Defense Budget

by Aki Kojima | Aug 21, 2024 | Individual & Freelancers, Corporations

The Japanese government is contemplating significant tax reforms to fund an ambitious defense budget of 1 trillion yen. It is a strategic approach to bolster the nation’s defense capabilities. Breakdown of the proposed funding mechanisms Here’s an analysis...