Frequently Asked Questions
【Koshida Accounting Firm Column Date:】
What tax and accounting procedures should I complete after incorporating a company in Japan?
After incorporating a company in Japan, there are several important tax and accounting procedures that should be completed as early as possible.
The most important include submitting the Blue Form (Aoiro Shinkoku) application, determining your director’s compensation, and deciding whether to register for Japan’s Qualified Invoice System.
Missing these procedures may result in higher corporate taxes or the loss of valuable tax benefits. Proper accounting from the beginning is also important for tax filing and future corporate tax planning in Japan.
For more details, please refer to our blog, “Starting a Company in Japan: 3 Essential Tax Steps for Foreign Entrepreneurs.”