If you have to get a recruiting license or renew, to get a real estate agency or brokerage license, or renew, you have to have more than certain amount of net asset as its requirement. If your company has made losses in recent years, has eaten up paid-in capital and does not have enough net … Read More “To switch a loan to capital, then offset against carried loss – steps to make a company with negative net asset to net positive” »
Companies and sole proprietors doing business in Japan will be required to put its CT (Consumption Tax) Number on your invoices for your customers to claim the Consumption Tax they have paid to you against their CT liabilities. The new system will come into effect from Oct. 1, 2023. Companies and sole proprietors who want … Read More “Qualified Invoice Issuer Number 適格請求書発行事業者. The Question is whether Qualify or Better Not Qualify?” »
Tax Permanent Resident status vs Permanent Residency for VISA 税法意义上的永住者vs 签证意义上的永住者 People sometimes get confused about the concept of tax Permanent Resident with Rermanent Resident for VISA. They are separate concepts. 人们很容易混淆税法上的永住者和签证意义上的永住者。它们其实是两个不同的概念。 Being a Permanent Resident (PR) for VISA does not necessarily mean you are a Permanent Resident for tax. PR for visa is a … Read More “Tax Permanent Resident status vs Permanent Residency for VISA 税法意义上的永住者vs 签证意义上的永住者” »
This is one of the frequently asked questions. Basic rule: Non permanent tax resident is not taxable for foreign source income unless the gain is repatriated into Japan The basic rule is that foreign sourced income of non-permanent tax residents (who have been in Japan more than 5 years in the past 10 years) is … Read More “Is capital gain from foreign stocks I purchased before I came to Japan taxable or not taxable? Talking about 特定有価証券の譲渡” »
There are lots of businesses that receive orders from customers overseas and buy goods in Japan for margins. We also have several clients doing the business too. Their margins are relatively low in many cases that is mostly in the range between 1% to 10%. Some businesses only charges 300 yen per item. Still they … Read More “Trap to get a consumption tax refund when your business buys goods and export overseas 購買代行で気を付けなければいけない落とし穴” »
Recently Japanese Yen became even weaker to almost 145 yen per USD. I received a question from a client today whether exchange gain will be reportable or not for Japanese Income Tax. It would feel a bit unreasonable if one had to pay tax on the gain if her savings were accumulated even before she … Read More “Income tax on currency exchange gain” »
Why company valuation matters? You will need a valuation of company for several occasions. If you would like to give your company shares to your employees, it will be regarded as salary, and you need valuation of the shares. They will have to pay tax on thier income. On the other side, you will have … Read More “Company valuation is important for many occasions.” »
4 important things you need to know when you start your own business Each item has a detailed explanation you can find by clicking the link. 1. Blue Tax Application Form There are two tax filer statuses; One is Blue and the other is White. Blue has more tax benefits. You can see the details … Read More “4 important things you need to know when you start your own business” »
There are two tax filing statuses. One is called Blue Form filer and the other is called White Form filer. If you have your own company or have your own proprietorship, you should choose Blue Form filer status as your tax status because it is much better and basically there will be nothing to lose. … Read More “Benefit of Blue Form Tax filer status” »
People sometimes get confused about the concept of tax Permanent Resident with Rermanent Resident for VISA. They are separate concepts. Being a Permanent Resident (PR) for VISA does not necessarily mean you are a Permanent Resident for tax. PR for visa is a permission to stay and you can still decide how many days you … Read More “Tax Permanent Resident status vs Permanent Residency for VISA” »