Are there VAT software solutions available that help with compliance?

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Yes, there are VAT software solutions designed to assist businesses with compliance in Japan: 1. Tax Compliance Platforms: Several software platforms offer comprehensive tax compliance solutions tailored to the Japanese market, including VAT calculation, reporting, and filing functionalities. 2. Accounting Software: Many accounting software packages include features specifically designed to handle VAT compliance, such as …

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How do foreign companies apply for Qualified Invoices?

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The Qualified Invoice System is a system in which businesses in Japan can make sure the deductibility of the input VATs from their purchasing goods or services in Japan. While this system is generally not applicable to foreign companies, foreign companies conducting business in Japan are typically required to issue these qualified invoices and charge …

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Can family members living abroad be enrolled in health insurance as dependents?

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Since April of the 2nd year of Reiwa (2020), in addition to the requirement of financial support, it has become necessary for the dependents to have a registered address (resident certificate) in Japan (residency requirement) in order to be recognized as dependents for Japanese health insurance purposes. Therefore, in principle, family members living abroad cannot …

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Can a foreign spouse living abroad be eligible for a spousal deduction?

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The term “Family Members Residing Overseas” refers to individuals who qualify as family members but are non-residents. To apply for a spousal deduction for family members residing overseas, the resident taxpayer must submit or present “Family Relationship Documents” and “Remittance-related Documents”. “Family Relationship Documents” These are documents that prove the foreign family member’s relationship to …

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Can a foreign spouse be eligible for a spousal deduction?

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The spouse eligible for the Spouse (Special) Deduction for Japanese Income Tax purposes is defined as follows: (1) Being a spouse of a resident of Japan.(2) Sharing the taxpayer’s livelihood. (3) Having a total annual income of 480,000 yen or less (or 1,030,000 yen or less if only salary income). Regarding (1), it refers to …

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How to become Qualified Invoice Issuers?

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From October 1, 2023, onward, the qualified invoice-based method (the invoice system) as a method to receive tax credit for consumption tax on purchases will take effect. In order to issue Qualified invoices, enterprises shall apply for tax offices to register themselves as Qualified Invoice Issuers(“QII”). For a specified foreign business enterprise, i.e., a foreign …

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The amount of income recognition

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【Relevant regulations】 Corporation tax Act. Subsection 3　Calculation of Amount of Gross Revenue Division 1　Amount of Revenue Article 22-2.　The amount of revenue from the sale or transfer of assets or provision of services (hereinafter referred to as “sale of assets, etc.” in this Article) conducted by a domestic corporation shall be, unless otherwise provided (excluding paragraph …

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