Japan Tax Dojo by Kei Narujima

An outline of the statute of limitations for correction / assessment by the tax authorities and for a request for correction by taxpayers is as shown below. (Source: Ministry of Finance website )

Property tax in Japan, a municipal tax, is classified into the following two categories depending on the type of assets and is levied differently based on the category:

Japan has two names for goodwill, i.e., one is " noren " for accounting purposes and the other is " shisan/fusai chosei kanjo " for tax purposes. The table below provides an outline of goodwill treatment for accounting and tax purposes.

The below provides an outline of accelerated deprecation of small assets in Japan.  See  this post  for more about Japanese tax and accounting. The author of this website is not responsible for any damage or loss arising related to this website.

Employee bonuses are deductible in Japan as described below. (Source:  National Tax Agency ) 使用人賞与の損金算入要件（債務確定要件）について英語でまとめました。（出典： 国税庁サイト ） See  this post  for more about Japanese tax and accounting. The author of this website is not responsible for any damage or loss arising related to this website.

みなし配当の計算の見直し（ 2022年度税制改正大綱 ）について英語でまとめました。 The below provides an overview of a revision in the 2022 tax reform in Japan to the calculation of a deemed dividend resulting from return of capital.  See  this post  for more about Japanese tax and accounting. The author of this website is not responsible for any damage or loss arising related to this website.