News
- 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: 2025-02-24
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…
- Kensaku Kimura
- Posted: 2023-01-05
- Last updated: 2023-02-05
Overview Today’s post will be Part 3 of a series on Japanese Consumption Tax (JCT) that we’ve been doing the past few days. Links to previous JCT related posts: Introduction to Japanese Consumption Tax (JCT) Japanese Consumption Tax (JCT)…
- Kensaku Kimura
- Posted: 2023-01-03
- Last updated: 2023-02-05
Overview In a previous post, we introduced some basic characteristics of JCT. Introduction to Japanese Consumption Tax (JCT) In this post, we’ll be looking at the scope of JCT and who actually pays the tax. Scope of JCT…
- Kensaku Kimura
- Posted: 2022-12-29
- Last updated: 2023-02-05
Overview – Characteristics of JCT Japan’s consumption tax (JCT) is a tax on the consumption of goods and services in Japan. The tax consists of national tax and local tax and are both referred to as consumption tax. JCT…
- Kensaku Kimura
- Posted: 2022-12-27
- Last updated: 2025-02-24
Background If you have any business relationships with customers in Japan, you may have heard that Japanese Consumption Tax (JCT) will be going through significant changes in 2023. The TLDR (Too Long, Didn’t Read); Japanese Tax Authorities will be…