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Your Take-Home Pay in Japan: A Guide to Taxes on a 5 Million Yen Annual Income

by Aki Kojima | Aug 13, 2024 | Individual & Freelancers

Hello to all our readers! Today, we’re diving deep into the intricacies of the Japanese tax system, focusing on an annual income of 5 million yen. This guide is tailored for non-Japanese individuals or businesses aiming to grasp the nuances of taxation in Japan....

Home Expense Allocation for Self-Employed

by Aki Kojima | Aug 12, 2024 | Individual & Freelancers

Here, we’re diving deep into the world of “Home Expense Allocation.” This topic is especially relevant for those who have transformed a corner of their home into an office, mainly solo workers. Navigating home expense allocation can be a maze, a...

5 Tips for Opening a Bank Account in Japan as an Expat

by Aki Kojima | Aug 10, 2024 | Individual & Freelancers, Corporations

When we open a bank account in Japan, there are tips to choose the best one. We’ll delve into the essential considerations for expats, tiny business owners, and sole proprietors when opening a bank account in Japan. Let’s dive in! 5 Tips for Opening a Bank...

Handling Uncollected Accounts Receivable: A Guide for Japanese Businesses

by Aki Kojima | Aug 9, 2024 | Individual & Freelancers, Corporations

Here, we’ll delve into a challenge that many individual business owners and SMEs face in our country: What to do when you can’t collect your accounts receivable. It’s common in Japan for payments to be scheduled for the end of the following month....

Why There’s No Year-End Adjustment for Resident Tax in Japan

by Aki Kojima | Aug 8, 2024 | Individual & Freelancers

Here, we’re diving into a topic that often raises eyebrows: Why doesn’t Japan have a year-end adjustment for resident tax, even though there’s one for income tax? Let’s unravel this mystery together. Understanding the Calculation of Income Tax...

Japan’s Considered Tax Reforms on Retirement Income 2023

by Aki Kojima | Aug 7, 2024 | Individual & Freelancers

Hello readers! Today, we bring you some significant updates from the Japanese income tax reforms world. While change is often seen as a sign of progress, not all changes are welcomed with open arms. Let’s delve into the latest developments. The New Form of...
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