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