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Japanese corporation tax for foreign affiliated company

Japanese corporation tax for foreign affiliated company

The feature of the Japanese corporation tax for a foreign-affiliated company.

There are following issues of the corporation tax of a foreign-affiliated company.

Corporation tax

Japanese tax computation is based on the accounting profit of PL of the year with tax adjustments.Tax computation is not independently made from accounting profit.

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@@There are limitation for depreciation, allowance, entertainment expenses etc under the Japanese corporation tax regulation.
@@To satisfy conditions to be tax deductible expenses, we have to post it in the accounting book.
@@There are a few allowed adjustments in the tax computation under some regulations, though.


We explain tax computation in English memorundum to HQ controller.