Frequently Asked Questions
【Koshida Accounting Firm Column Date:】
What are the penalties for late tax payments in Japan?
If you voluntarily correct and pay the tax before a tax audit, the penalty is generally 5%.
If the underreporting is identified during a tax audit, the penalty increases to 10% or 15%, depending on the situation.
In addition, interest will be charged based on the statutory rate applicable at the time.
For more detailed information, please see below.
The Penalty for Filing Late Tax Returns in Japan