Japanese companies generally file and pay corporate tax, local taxes and consumption tax within two months of their financial year-end. We handle everything from the financial statements to the returns.
We can help if you
- are approaching your company's first year-end
- are unsure whether to register for the qualified invoice system
- are not sure how consumption tax applies to sales to overseas customers or exports
- have transactions with an overseas parent or group company
Year-end and corporate tax
- We prepare your financial statements (balance sheet, income statement and more).
- We prepare and file returns for corporate tax, local corporate tax, corporate inhabitant tax and enterprise tax.
- We also advise on director remuneration, blue return approval and loss carryforwards.
Consumption tax points
Capital of 10 million yen or more means tax from year one
New companies can often be exempt from consumption tax for their first two years. However, companies with capital of 10 million yen or more must pay consumption tax from their first year. This is important for companies that have large capital to meet Business Manager visa requirements.
Qualified invoice registration
Your customers need qualified invoices to deduct consumption tax on what they pay you. Whether registration makes sense depends on whether your customers are mainly businesses or consumers. We explain the pros and cons and handle the registration.
Exports and services to overseas customers
Exports and certain services provided to overseas companies are exempt from consumption tax if the conditions are met. Supporting documents must be kept.
How we help
- Year-end preparationWe review your books and make year-end adjustments.
- Prepare and file returnsWe prepare and file corporate, local and consumption tax returns.
- Explain the resultsWe explain the results and tax payable, including by email in English.
FAQ
Can you handle the year-end filing only?
Yes. If you keep your own books, we can take on just the year-end and returns. We quote based on the condition of the books.
What should we watch for in transactions with our overseas parent?
Common issues include whether prices between group companies are at arm's length (transfer pricing) and withholding tax on payments abroad. We advise based on your transactions.
This page provides general information only. The actual treatment depends on your individual circumstances. Please consult a professional before making decisions.