consumption tax

Shirokane CPA Firm

When You Need Incorporation for a Tax Advantage

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Start Your Business Simply Most people start their business as sole proprietors and run their business for some years. That is not a bad idea. Rather, that is still a good idea because you could start your business without paying the incorporation taxes and because you could complete your tax return by filing just your individual income tax return. You also could try your business without a large amount of initial investment. However, you need a company for your tax advantage when you get your business growing enough. I will explain here how and where you could get tax advantages in Japan tax practice. Those advantages are to; Make to[…]

Shirokane CPA Firm

Consumption Tax Should be included?

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If you are a blue filing taxpayer in Japan, you could deduct your payment to purchase an asset upto JPY 300,000. Now should you include sales tax called as a consumption tax in Japan, to the amount to determine the JPY 300,000 criterion. Or, when you are not a blue filing taxpayer, it is JPY 200,000 to judge deduction or depreciation. 1. First, You decide the accounting method on dealing with a consumption tax. There are two methods, one is to account all prices with a consumption tax included, and the other method is to account all prices without a consumption tax. Most self-employer business persons use the accounting method[…]