Structuring without input First, aim to create a system that does not require input. Instead of manually entering piles of paper receipts and invoices, digital data is increasingly being directly reflected in accounting systems. For example, an application that allows...
Consumption tax refunds, such as those facilitated by VAT BACK services, offer significant financial relief to businesses but also come under scrutiny by tax authorities. In this article, I’ll explore the refund system, its risks, and why following correct procedures...
The rules for including entertainment expenses in deductible expenses will be updated effective April 2024 in Japan. Many business owners are concerned about this provision. As a tax accountant, I am examining where the system should be used and its impact. I want to...
I am teleworking from country A outside Japan to country B outside Japan. Can I stay in Japan? In March 2024, there is a move in Japan to approve a “Designated Activities” visa for digital nomads (people who work in IT-related fields while moving across...
Today, I’m excited to share a valuable system that can help reduce your Japanese income tax when you send money to your family living abroad. This includes grandparents, children, or other relatives. Many worry about balancing family financial support with their...
For the general audiences who are not tax specialists, here is a summary of the FY2024 Tax Reform Proposals in Japan issued on Dec 14, 2024. It shows planned revisions to tax laws administered by the LDP and the Kōmeitō.This portion of the policy is for changes to the...
