Frequently Asked Questions
【Koshida Accounting Firm Column Date:】
Is monthly book closing essential in Japan?
In Japan, all companies must close their books at least once a year to file tax returns. For most small companies, this is just this time, while large companies, such as listed companies, must do quarterly book closings. However, sometimes, monthly, quarterly, or six-month book closings are conducted to reduce or refund taxes at even small companies.