Corporate Tax, Personal Tax
Basic rules A partnership (Civil Code Article #667) is not usually regarded as an independent corporate entity, therefore it is taxable on each individual partners. Its tax implication is similar to those of co-owning. You claim income and expenses on a prorated basis. The rate can be whatever you agree with other partners (#674). Unless … Read More “Partnership is regarded as a pass-through entity for individual income tax (LLPの法人性)” »