Notifications Related to Tax Affairs after Establishment of Office Location/Set up a Branch office in Japan (ACROSEED Immigration Lawyer's Office)

Notifications Related to Tax Affairs after Establishment of Office Location

After setting up your Japanese office location such as a branch, a sales office, and a Japanese corporation, you are required to submit tax-related notifications.

1.Tax report for establishment of Japanese corporation

・Must be filed with the tax office within two months from registration of establishment.

2.Notification of opening of office paying salary

・Necessary if you pay salary to your employees
・Must be filed within one month from the opening of an office that handles payroll affairs
・After filing this notification, the manager becomes a withholding agent.

3.Application for payment of withholding income tax on a semiannual

・This application allows you to collectively pay withholding income tax semiannually in July and January next year.
・Only if you pay salary to 10 employees or less

4.Application for approval of filing blue return

・This system allows you to carry over your loss, if any, for seven years and offset it with future profit.
・Must be submitted no later than one day prior to the earlier of three months after the date of incorporation or the end of the fiscal year of the company.

5.Application for valuation method of inventories

・Notification to determine how to calculate the value of inventories
・Must be submitted by the deadline for the final return for the first term (two months after the end of the fiscal year)
・If you do not submit it, the most recent purchase method (statutory valuation method) applies.

6.Application for depreciation method of depreciable fixed assets

・Notification to determine how to depreciate assets
・If you do not submit it, a method prescribed by law applies
・If you wish a method other than the method prescribed by law, apply by the deadline for the final return for the first term after incorporation

7.Notification related to local tax

・Corporations must pay local tax too
・Must be submitted to the metropolitan tax office and the municipal government with several exceptions

Tax-related notifications are strictly handled by the authorities. If you fail to follow correct procedures, you may see a large loss in some cases. Therefore, it is strongly advisable to consult an expert such as a tax accountant.

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10.Notifications Related to Tax Affairs after Establishment of Office Location