Talk about tax and corporate finance in Japan
There are two rules that you need to know if you or your company own a foreign subsidiary about the tax: If you own a company more than 50% in a country where (1) its tax rate is lower than 30% AND the company is a paper company or (2) the tax rate is lower … Read More “CFC rule and Foreign Dividend Exclusion” »
When you sell a real estate (e.g. house, building or land), there will be Capital Gain Tax to pay. The tax rate is different for Short-Term Gain and Long-Term gain. If the sales happen before 5 years from its purchase, it’s Short-Term Gain. If it’s after 5 years, it is Long-Term Gain. If the gain … Read More “Capital Gain Tax on real estate. 5 year rule. 30 million yen deduction.” »
Blue Losses can be carried for 10 years. The requirements are: The company has to be a Blue Filer at the time of filing its tax return, Tax filings have to be done continuously without a gap since the year the loss is made and the year when the carried loss is to be used … Read More “Carried Losses for non-SMEs” »