Related

The annual filing of the corporate tax return has to be done within 2 months of the last day of the fiscal year at the taxation office where the company has its registered business address. The final financial figures with regard to the corporate earnings and the taxable amounts need to be correctly calculated and require the approval from the majority of the votes casted at the general meeting of the shareholders of the company. NTA provide a workflow with regard to the closing of accounts and final return.

 White and Blue Form Tax Returns

Based upon the self-assessment principle and aiming to improve accurate tax returns, Japan allows corporations to use tax return based upon the blue form (white form is the default standard system), allowing the taxpayer to benefit from some procedural and administrative advantages. Blue form filing will require approval from the head of the local tax office meaning also that this privileged status can be revoked anytime in case the taxpayer is not keeping this accounting books properly.

On Blue return system see NTA

Interim tax return and tax payment 

Companies whose taxable years exceed six months must file an interim tax return within two months from the day marking the end of the first six months of the taxable year.

If the amount of the annual Corporation tax for the preceding fiscal year multiplied by six and divided by the number of months of the preceding fiscal year is JPY 100 000 or less, the company is generally not required to file interim tax return.

Final tax return and tax payment

Companies must file a final tax return for Corporation tax, Inhabitant tax and Enterprise tax on their income within two months from the day following the last day of each taxable year, whether the income is positive or not. The calculated tax must also be paid within this period.

A company’s final return must be accompanied by the company’s balance sheet, profit and loss statement, statement of changes in net assets, details of accounts, statement of outline of business activities and, depending upon circumstances, certain other prescribed documents.

Taxpayers who have filed returns with excessive tax amounts may request, no later than five years from the statutory due date of tax filing, that the district director of the tax office within their jurisdiction reassess their tax amount.

EU-Japan Centre's News

More
On 19 September 2024, the European Commission announced plans for a study on the production and use…
The Centre quarterly newsletter, October 2024 issue, is out! In this issue: Call for applicants…
Join Us as a Cross-Cultural Expert! The EU-Japan Centre for Industrial Cooperation is looking for…
The EU Japan Centre is releasing a weekly press review covering Japan's economic and policy matters…

Events

More
Europa House
27/11/2024
The EU-Japan Centre for Industrial Cooperation and EURAXESS Japan invite you to the 2024 Innovation Day, a unique hybrid event showcasing the latest European and Japanese advancements in health…
Japan
02/12/2024 - 05/12/2024
Join our Innovation Business Mission in Japan and exhibit for free at the Innovation Leaders Summit (“ILS”) 2024 in Toranomon Hills, Tokyo. Are you running a business that applies cutting-edge…
Subscribe to
our newsletters

The EU-Japan Centre currently produces 5 newsletters :

  • EU-Japan NEWS - our flagship newsletter covering the Centre's support services, information about EU (or Member States) - Japan cooperation
  • Japanese Industry and Policy News
  • “About Japan” e-News (Only available for EU companies / EU organisations)
  • Japan Tax and Public Procurement Weekly Tender Digest (Only available for EU companies / EU organisations)
  • Tech Transfer Helpdesk Newsletter
Subscribe