Talk about tax and corporate finance in Japan
Angel Taxation has widened its scope from April 2024. It used to be only stocks (common stocks or preferred stocks) to be qualified for the tax deduction but now stock options are also qualified. https://www.yamada-partners.jp/hubfs/zeikai/2024-documents/A06.pdf?hsLang=ja-jp Angel taxation is a huge tax benefit that was legislated since sometime ago in Japan. When you invest into a … Read More “New Angel Taxation from 2024” »
As to what the differences and common characteristics between the two company types are: 1) The tax rate is the same (approximately 21% up to 8 million JPY in taxable income), 2) They have the same legal protection (shareholders/partners are segregated from company’s liabilities), 3) GK is a separate entity from the holding company back … Read More “What are the differences and the common characteristics between a company (KK or GK) and a branch?” »
After the busiest season was over in March, I have been working on my personal accounting app project. It runs on web and also on iPhone. The idea is to take a photo of receipts and the app automatically generates a journal entry using AI. My engine for now is ChatGPT 3.5 but since I … Read More “Magical way to get receipts done” »
If you are in an export business, you will be able to get consumption tax back. It should be easy by theory but there are traps that you don’t want to fail. Your business has to be registered as a consumption tax filer. The default status for SMEs is the exemption status. You need to … Read More “Japanese Consumption Tax Refund” »