Two Types of Property Taxes in Japan

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:

Goodwill for Accounting and Tax Purposes in Japan

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.

68. Accelerated Depreciation of Small Assets in Japan

The below provides an outline of accelerated deprecation of small assets in Japan. 

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67. Deduction of Employee Bonuses 使用人賞与の損金算入要件

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.