Talk about tax and corporate finance in Japan
Japan’s Consumption Tax Refund System In Japan, businesses that are registered as consumption tax payers can claim a refund on the consumption tax (similar to VAT) they paid on purchases and expenses related to their business. This is done by filing a consumption tax return, usually once a year. If the amount of tax paid … Read More “Japan’s Consumption Tax Refund System” »
Below is a short summary outlining the key conditions for claiming the dependent deduction (扶養控除) for non-resident dependents under Japanese income tax: Dependent Deduction for Non-Resident Dependents in Japanese Income Tax When filing your Japanese income tax return, you might wonder if you can claim a dependent exemption for a family member who lives abroad. … Read More “Dependent Deduction for Non-Resident Dependents in Japanese Income Tax” »
私自身が領収書の整理が苦手で、税理士として独立してからずっと財布がパンパンだったのですが、以前にアシスタントの方にやってもらう様になって、一気に楽になりました。 これを今度は人間ではなく、時流に乗ってAIを使ったシステムでやってみようと言う事で、自分でシステムを組み立ててみました。システム作りは1日があっという間に経ってしまうくらいのしまう位の時間食い虫なのですが、システムが動いたときに楽しさは、ゴルフのドライバーでナイスショットが出た時と同じような快感があります。 今回はAWSのコンテナ・サーバーを使ってやりました。人様に使ってもらうシステム開発は細かいところまで、ちゃんと出来ていなくてはいけないので、細かいところまでの作り込みがかなり大変です。すごいと思ったのは、AIの進歩です。借方は、交通費や消耗品費、会議などの特定の科目から、貸方も現金や普通預金、クレジットカードなどの特定の支払いに使う項目から選択するようにと、通常日常に使うような言葉で指示しても、ちゃんとその通りに仕訳をしてくれました。本当に人工知能ですね。 今回作ったシステムは、レシートの保存場所であることが一つ、自動仕訳であることがもう一つの機能です。 よかったら使ってみてください。 Accountify.jp
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” »
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” »