Tax-Free of Inheritance: Lands of Small Shrines in the House 

by Aki Kojima | Sep 2, 2024 | Inheritance, Gift, Equity Valuation

Certain types of property are tax-free of Inheritance Tax in Japan. Whether or not the property falls under the tax-free category depends on its contents. One of the most distinctive features of the estate is a Shrine within a garden, called 庭内神し(Teinai Shinshi) in...

New Tourist Tax 2023 in Nagasaki Japan

by Aki Kojima | Aug 28, 2024 | Individual & Freelancers

Let me tell you about the new “Tourist Tax” introduced by Nagasaki City in April 2023. This tax will be taken when an individual goes on a trip. This tax is supposed to be used to promote tourism, but what exactly does it entail? Taxable subject and tax...

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...