Frequently Asked Questions
【Koshida Accounting Firm Column Date:】
I heard tax audits are likely conducted when a sole proprietor incorporates a business in Japan. Is it true?
In Japan, tax audits are likely conducted when a sole proprietor incorporates a business. This is because the subject of tax responsibility changes from an individual to a corporation when incorporation occurs.
Tax Considerations When Transitioning from a Sole Proprietorship to a Corporation in Japan