If you own assets worth 300 million yen or over, or financial assets worth 100 million yen or over (which are subject to exit tax), then you should file a report for assets and liabilities together with your income tax return.
This report shows the value of the assets, which you own as of December 31 of the calendar year for which the income tax return applies.
Before the 2022 tax reform, a business who wants to apply the Electronic Book Preservation act had to obtain approval from the local tax office.
Last week, we talked about the foreign dependent deduction a little bit. Now let’s see what kind of documents are needed when claiming this deduction.
Company establishment and accounting can be complicated in Japan.
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Established in 1984,
Seventh Sense Group offers full-service accounting services including tax compliance, bookkeeping, payroll, and company establishment.