Seventh Sense Group

Akasaka 2-12-10

Tokyo, 107-0052

Monday to Friday

9:00 ~ 18:00

Non-compliance of Assets and Liabilities Report

Want to know more about the Assets and Liabilities reports? Check out our video and get in touch with us at Seventh Sense Group!

Some residents in Japan are required to file reports of assets and liabilities by the due date at the tax office where they are registered.

There are 2 types of reports, worldwide assets and liabilities report and foreign assets and liabilities report.

If you don’t fulfill your obligations or non-compliance of this obligation, please note that there might be penalty taxes.

Filling out the forms can be quite overwhelming as there are a number of conditions for calculating each asset and liability. It is highly recommended to hire professionals to handle the filing.

This information is for general informational purposes only and should not be considered as professional advice. Please consult with a qualified professional for any specific questions you may have.

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