How to write INVOICE without Invoice Number to place Shouhizei for Sole Proprietor or Corporation

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...

Can lunch be a Business Expense? ” Accounting Treatment for Sole Proprietor and Company.

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...

Who pays Sales Tax in Japan? Reduce Consumption Tax Hassles with Import Agency.

by Aki Kojima | Sep 7, 2024 | Individual & Freelancers, Corporations

Some of you may have a job as an import agent.Checking how sales tax will be charged on those transactions is necessary when dealing with foreign countries.In Japan, the sales tax is called the consumption tax, but for smooth understanding, I call it the sales tax,...

Should you pay Remuneration tax in Japan?

by Aki Kojima | Sep 6, 2024 | Individual & Freelancers, Corporations

Here, we would like to consider the basics of the compensation tax. What is remuneration tax? “Remuneration tax” is a general term referring to a tax imposed on specific remuneration or income, the specifics and tax rates of which may vary from country to...

Understanding JP PINT: A Guide to Digital Invoicing Standards in Japan, Featured in Kigyoujitsumu, September 2023

by Aki Kojima | Sep 3, 2024 | Individual & Freelancers, Corporations

In the September 2023 issue of the monthly “Kigyo Jitsumu” (企業実務) magazine, we have contributed articles in Japanese on “Japanese Domestic Standards for Digital Invoice” and “What is JP PINT.” The article summarizes information for...

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...