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...
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...
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...
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...
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,...
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...
