Seventh Sense Group

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Tokyo, 107-0052

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Seventh Sense Blog

Tax and Accounting resources to Establish and Expand your business in Japan

Director’s Bonus

If your company has decided to set up a director’s bonus, the tax office must be notified.

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Qualified Invoice System

As of October 1st of 2023, a new invoice system regarding consumption tax will be introduced in Japan.

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Penalty Tax

If you miss the deadline for filing your income tax return, penalty tax will be levied.

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Tax Issues for High Salary Earners in Japan

Most employees in Japan do not have to handle their taxes, because their company reports to the tax office at the end of the calendar year. However, if you earn more than 20 million yen annually, you are required to file a tax return.

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