News
- Super Ace
- Posted: 2024-11-21
- Last updated: 2024-11-21
How Long Does it Take to Register as a JCT Qualified Invoice Issuer At JPA, we receive a wide range of questions from our clients regarding the Japanese Invoice System. One of the most common is “How long it…
- Super Ace
- Posted: 2024-04-01
- Last updated: 2024-04-01
Summary Starting October 1, 2023, the requirements to deduct import consumption taxes that companies pay when exporting to Japan have changed. In order to deduct import consumption taxes that you paid in your Japanese consumption tax (JCT) return, you…
- Super Ace
- Posted: 2024-01-21
- Last updated: 2024-09-24
Acquisition Cost Method Permitted for Specific Self-Issued Crypto Assets On December 25, 2023, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the seventh time (the first was in 2017) that…
- Super Ace
- Posted: 2023-03-31
- Last updated: 2023-07-20
It has been officially announced that the deadline for the Japanese Consumption Tax Qualified Invoice Issuer registration has been extended. The invoice system is scheduled to start on October 1, 2023. In order to become a qualified invoice issuer,…
- Kensaku Kimura
- Posted: 2023-02-25
- Last updated: 2023-02-25
Crypto Traders Beware! Significant Changes In Determining Whether Income is Business Related or Not On December 22, 2022, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the seventh time (the…
- Kensaku Kimura
- Posted: 2023-01-22
- Last updated: 2023-02-06
This FAQ Focuses on Topics Related to Year End Mark-to-Market of Cryptos for Corporation Tax Purposes On January 20, 2023, the National Tax Agency (NTA) published a guidance titled “Year End Mark-to-Market Treatment of Cryptocurrencies Held by Entities (Information)”….
- Kensaku Kimura
- Posted: 2023-01-16
- Last updated: 2023-02-06
Some of the existing questions about calculating taxes for NFTs have been clarified On January 13, 2023, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of NFTs (Information)”. This is probably the first time the NTA…
- Kensaku Kimura
- Posted: 2023-01-13
- Last updated: 2023-02-06
Are You Prepared for the Upcoming Changes to Japanese Consumption Tax? In previous articles, we’ve been covering the upcoming changes to JCT. Upcoming Changes to Japanese Consumption Tax in 2023 The important points are: Japanese tax authorities will be…
- Kensaku Kimura
- Posted: 2023-01-09
- Last updated: 2023-02-06
Background As mentioned in our previous post, the Japanese Consumption Tax (JCT) will be going through major changes in 2023. Upcoming Changes to Japanese Consumption Tax in 2023 The key points regarding these changes are: Japanese tax authorities will…
- Kensaku Kimura
- Posted: 2023-01-06
- Last updated: 2023-02-05
Preface by the author: The following article was originally posted on my website back in 2018 when the Accounting Standard was first released. Here is the link to the original article. The information in the article remains relevant for financial statements…