From a company’s perspective, the year-end adjustment is a process of calculating and filing the correct amount of income and withholding tax of all eligible employees and directors.
The filing is due by January 20th of the following calendar year.
The company provides a withholding tax slip or a 源泉徴収票 （gensenchooshuuhyou） to the non-eligible directors and employees.
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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