For foreign residents in Japan, your Status of Residence (visa) renewal is now undergoing the most rigorous scrutiny ever. The Japanese government, led by the Immigration Services Agency (ISA) , is systematically integrating your compliance with taxes and social insurance into the core of the visa screening process. The message is clear: Maintaining proper payment of social insurance and taxes is no longer optional—it is essential for a successful visa renewal. 1. The Shifti

Congratulations on your new life in Japan! Understanding the tax system in Japan—which may differ significantly from your home country—is crucial for all non-Japanese nationals residing here. Specifically, transactions involving Crypto Assets (Virtual Currency) and the use of Overseas-Issued Credit Cards can pose unexpected tax risks. This guide explains your tax obligations based on the Japanese National Tax Agency's (NTA) classifications: Resident, Non-Permanent Resident,

🇯🇵 Tax Obligation for Non-Resident Real Estate Rental Income in Japan

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Essential Tax Knowledge for International Businesses Operating in Japan

Published by Tokyo Advisory (Tokyo International Accounting Office) - Connecting Global Professionals and Services Managing Japanese operations requires understanding both global standards and local complexities The Challenge of Managing Japanese Operations from Abroad As multinational corporations expand their presence in Japan, one of Asia's most lucrative yet complex markets, parent companies face an increasingly difficult challenge: maintaining accurate oversight of their

The Hidden Costs of Working Without Qualified Professionals Many international businesses entering Japan make a costly mistake: they...

With the popularity of Japan as a tourist destination, many foreign investors and residents are exploring opportunities in the short-term rental (Minpaku) business. However, running a Minpaku in Japan requires not only compliance with local regulations but also careful attention to tax obligations. This article outlines the key tax considerations for foreigners interested in operating a Minpaku in Japan.

Starting in the year 2025, Japan is set to introduce a significant change in its tax regulations, aligning itself with systems seen in other nations. This adjustment will transform the way tourists benefit from tax savings, moving from the current tax-exemption at the point of purchase to a refund application system for eligible purchases . Under the revised policy, tourists will no longer enjoy immediate tax exemptions while shopping. Instead, they will be required to retai

Author's photo: Mitsutoshi Kato Mitsutoshi Kato In Japan's commercial registration system, the addresses of representative directors...

Thanks to your support, we have recently seen a significant increase in tax-related clients, especially foreign clients. Since we often ask the same questions and request similar documents, we have created the following pages to streamline the process: Basic Information (Individual) | Tokyoadvisory Basic Information (Corporate) | Tokyoadvisory We are constantly improving our services, and it brings us joy to see our clients satisfied. Currently, we prioritize communication th

Mistake Correct Information Impact Failure to report all income All income (salary, side jobs, real estate, cryptocurrency, etc.) must be properly declared If underreporting is discovered, additional tax penalties may apply Overstating deductible expenses Only expenses directly related to the business are deductible If disallowed in a tax audit, additional taxes and penalties may apply Claiming both Furusato Nozei One-Stop Exemption and filing a tax return If filing a tax ret

The 2024 tax reforms bring several significant changes to withholding tax procedures, specifically affecting individuals earning over 20 million yen annually and self-employed professionals. This blog highlights the key aspects of these reforms and provides guidance on handling mandatory deductions in your tax return.

Join us for a spontaneous and exciting A Quick Guide to Japan's Tax System and Tax-Saving Strategies happening this 20th Dec. Thr. ...

Understanding Japan's corporate tax system is key for effective management.

Tokyo Advisory provides internal audit report services for companies located outside of Japan. If your company is considering developing...

I recently attended a tax accountant’s training on stock investment and asset management.