Whether you are the subject to the Consumption Interim Tax Return or not, it will be determined based on the tax payable of the national consumption tax. For example, if your tax payable on the national consumption tax is less than 480,000 yen in the previous year, you are not obligated (becomes optional) to file this interim filing.
For more information on the consumption tax, pease reach out to us at Seventh Sense Group!
Unlike other countries, Japanese tax law allows us to deduct life insurance premiums, earthquake insurance premiums and some other insurance premiums from our taxable income.
According to Japanese Company Law, there are 4 types of company in Japan.1. Stock Company – 株式会社2. Limited Liability Company – 合同会社3. General Partnership Company
Company establishment and accounting can be complicated in Japan.
Don’t do yourself, we’re here to help.
Get in touch for a free consultation.
Established in 1984,
Seventh Sense Group offers full-service accounting services including tax compliance, bookkeeping, payroll, and company establishment.