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...

Apple JCT Tax Evasion in Japan: A Deep Dive into the Controversy

by Aki Kojima | Aug 20, 2024 | Corporations

The Tokyo National Tax Agency recently made headlines by ordering Apple Japan to pay a staggering 14 billion yen in consumption tax. This decision came after the tech giant was identified for transactions that involved reselling items that were initially purchased...

Can You Work Remotely in Japan for a Company Based Outside Japan?

by Aki Kojima | Aug 19, 2024 | Individual & Freelancers

In today’s digital age, remote work has become increasingly popular, especially in the wake of the global pandemic. Many individuals are now pondering the feasibility of working remotely in Japan for companies headquartered abroad. This article aims to shed...