Tax（English)
Deadline for the 20% consumption tax exemption and subsequent actions
It has been about two years since the 20% exemption for consumption tax returns was introduced. We will review […]
Calculation method for the 10 million yen standard for determining consumption tax liability
If your taxable sales for the fiscal year two years prior exceed 10 million yen, you will become a taxable bus […]
What are the special tax treatments for certain standard income amounts? [Not applicable to the tax return exemption system]
This special tax treatment for certain standard income amounts was introduced in the 2023 tax reform. It will […]
Points to note when calculating capital gains when selling used overseas real estate
If you are renting a used overseas real estate property and have calculated the building's useful life using t […]
How much income should be recorded if the products sold are consumed for household purposes, given as gifts, or sold at a low price?
If an individual sells goods (inventory) and the goods are: How should the amount be recorded as income? In th […]
What to do if you forget to submit the simplified taxation selection notification form
When we elect the simplified (flat-rate) method for consumption tax, we generally must file a notification by […]
Important points to note when receiving retirement benefits as a non-resident [Selective taxation of retirement income]
When receiving a retirement benefit as a non-resident, tax is levied on the portion of the benefit working in […]
Points to note when transferring assets from an individual to a corporation
There are cases where an individual transfers real estate or stocks owned by them to a corporation. There are […]
If I receive compensation for damages, is it taxable or non-taxable?
When a sole proprietor receives compensation for damages, is it taxable or non-taxable? When a car hits a stor […]
What is platform consumption tax?
When an overseas business sells apps, electronic books, etc. to consumers in Japan via app stores or online sh […]