The new tax bill was passed through Diet and the law was put into force since April 1, 2018. Because the Japanese government wants to keep its economy as active as possible, and because there have been many many companies or businesses who decided to shut down because they don’t have successors and the tax … Read More “How to pass your business/company to your children without paying tax (事業承継税制)” »
Month: October 2018
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Setting up organization
Employee or Contractor You have a choice of hiring this person as an employee or a contractor. Hiring as an employee is usually more expensive because you will have to pay social insurance of 15% and about 1% of unemployment insurance. Firing is very restricted by the Japanese legal system. You will usually have to … Read More “What you need to know when you hire a first employee” »