Companies withhold a certain amount of tax from the salaries, wages, bonuses, etc., that they pay to their employees.
Then they have to pay this amount to the tax authorities by the 10th of the following month.
Companies with fewer than 10 employees can file an application to pay twice a year.
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.
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.