Today, I want to discuss the “Open Kitchen Tax Credit,” a tax credit program to support childcare. This program offers the advantage of reducing your income tax if you install an open kitchen or other equipment when renovation. If you are considering...
The rules for including entertainment expenses in deductible expenses will be updated effective April 2024 in Japan. Many business owners are concerned about this provision. As a tax accountant, I am examining where the system should be used and its impact. I want to...
Welcome to this detailed exploration of the intricacies of taxation in Japan, especially relevant to non-residents such as foreign J-League players. The focus here is on the critical differences in tax treatment between residents and non-residents, which can...
Many people have misconceptions and concerns about the My Number Card, especially those concerned about the risk of additional tax charges. This blog aims to clarify how the My Number Card affects your tax affairs and allay your concerns. What is a My Number Card? My...
For many families, purchasing life insurance is one of the most critical decisions to protect their family’s future. However, when purchasing a life insurance policy, there are often questions regarding premium payments and tax treatment. In this article, we...
I am teleworking from country A outside Japan to country B outside Japan. Can I stay in Japan? In March 2024, there is a move in Japan to approve a “Designated Activities” visa for digital nomads (people who work in IT-related fields while moving across...
