Frequently Asked Questions
【Koshida Accounting Firm Column Date:】
Can I deduct business startup expenses in Japan?
Yes. Certain expenditures incurred before starting your business in Japan can be treated as startup expenses for Japanese tax purposes.
One important feature is that qualifying startup expenses can generally be deducted in a later year rather than necessarily being deducted immediately. This can provide flexibility when considering tax reduction in Japan for a new business.
Are Expenditures to Prepare a Business Considered Expenses for Tax Purposes in Japan?