by Aki Kojima | Jan 11, 2024 | Individual & Freelancers, Corporations
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...
by Aki Kojima | Dec 15, 2024 | Individual & Freelancers, Corporations
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...
by Aki Kojima | Nov 22, 2024 | Corporations
Recently, Nerima Ward, Tokyo, Japan, faced a reassessment, resulting in approximately 37 million yen in additional taxes. Various opinions have surfaced regarding the burden on public officials, with some expressing concerns about the heavy load while others deem it...
by Aki Kojima | Oct 21, 2024 | Corporations, Individual & Freelancers
Providing goods and services to foreign countries has become common in recent years.This article will summarize Japanese bookkeeping basics when providing services to foreign countries. Make a Record when you sell You record sales on the date the goods or services are...
by Aki Kojima | Oct 12, 2024 | Individual & Freelancers, Corporations
The Qualified Invoice System [invoice Seido] started in October 2023. There has been a lot of fuss in various places, but to reduce the impact of the invoice system, there is a transitional measure that allows an 8% deduction on the purchase side, even though the...
by Aki Kojima | Sep 28, 2024 | Individual & Freelancers, Corporations
Have you ever wondered if your lunch at work is a business deduction? If so, this blog is the answer. It will explain whether your daily lunches are considered a business deduction and how to ensure they are correctly accounted for. Whether you are a sole proprietor...
