Скачать или смотреть Basic Corporate Tax insights in Japan

Are you a foreign company looking to establish or operate a business in Japan? Understanding the fundamentals of Japanese corporate taxation is crucial for compliance and financial planning. This video provides essential insights into Japan's corporate tax system, specifically tailored for international businesses.

In this comprehensive overview, we'll cover:

Tax Filing Deadlines: Learn about the key deadlines for corporate tax declarations in Japan, helping you stay compliant.

Self-Assessment System: Discover that Japan operates under a "self-assessment tax system" (申告納税方式 - shinkoku nozei hoshiki), where companies are responsible for calculating and declaring their own tax liabilities, rather than an assessment-based system where authorities determine the tax due.

Calculating Taxable Income: Understand how "taxable income" is derived by making necessary additions (加算 - kasan, or "add-backs") and deductions (減算 - gensan) to your pre-tax accounting profit.

National vs. Local Taxes: Differentiate between national corporate taxes (法人税 - hojinzei) and local corporate inhabitant taxes (法人住民税 - hojin juminzei). We'll emphasize the importance of considering the "effective tax rate" to understand your total corporate tax burden.

Fixed Levy (Per Capita Levy) for Local Inhabitant Tax: Be aware of the "per capita levy" (均等割 - kintowari) for local corporate inhabitant tax – a fixed amount that must be paid annually, even if your company has no profits.

Approximate Effective Tax Rates: Get an general idea of the approximate effective corporate tax rates in Japan, which can vary based on factors like company size.

Fiscal Year Flexibility: While companies can generally choose their fiscal year-end freely, we'll note that March 31st is a common fiscal year-end in Japan.

The Need for Local Expertise: Understand that due to numerous complexities, including various pre-submission documents and specific regulations, engaging a local certified tax accountant (税理士 - zeirishi) is practically indispensable.

Certified Tax Accountant (Zeirishi) in Japan: Learn about the "Zeirishi" qualification – a national professional license in Japan specifically for tax accounting, distinct from a Certified Public Accountant.

This video is designed to equip foreign businesses with the foundational tax knowledge needed for successful operation in Japan.

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