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Seventh Sense Blog

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

Branch Office in Japan

Last time we talked about opening a representative office in Japan. This time, let’s talk about the branch office. It is called “支店” (shiten) in

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Gift Tax in Japan

Gift tax is triggered when you receive assets worth more than 1,100,000 yen from individuals. The threshold includes the total amount of all gifts you

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Representative Office in Japan

One of the ways to expand your business in Japan is to set up a representative office (駐在員事務所). Compared to setting up a company, there

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Director’s enrollment in insurance

Japan’s labor insurance system includes workers’ accident compensation insurance and unemployment insurance. Employers are obligated to enroll all workers, including part-time employees, to workers’ compensation

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Company Formation Documents (part 2)

Last week we introduced the Articles of Incorporation. Another important document that you will need when you start a company is a Seal Registration Certificate.

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Company Formation Documents (part 1)

There are many documents that are required when starting a company in Japan. One of them is the Articles of Incorporation. In Japanese, it is

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Individual Income Tax 2023

An individual can file an income tax return from February 16 through March 15, 2024.There are 2 ways to file, online or in paper. If

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Tax Implications of Cryptocurrency

Did you know that in Japan, cryptocurrency is considered an asset? This means that if you live in Japan (resident) and had your crypto earnings

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Electronic Book Preservation Act

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.

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Foreign Dependent Deduction

There are many deductions that can reduce your taxable income. One of these is the foreign dependent deduction. If you support your family who live

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Individual Inhabitant Tax

There are several types of Japan’s inhabitant tax. If we look at it by location, there is the municipal inhabitant tax and the prefectural inhabitant

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