Occasionally we are asked by our clients to explain how Income and Resident Tax are calculated here in Japan. As companies in Japan are currently involved with the year-end tax adjustment for employees We’ve put together a short guide below which should at least clarify the basics of Income and Resident Tax. For additional advice relative to your personal situation contact us for additional guidance. There are a few different types of taxes we pay in Japan. The exact nature a

In Japan, most companies go with a Kabushiki Gaisha (KK for short) which is a Ltd. Company, as it usually meets the prerequisite for business partnerships. However, it is possible to make a Godo Gaisha (GK) too. There is no requirement for paid-in capitol, however this may be a problem for certain companies who have strict partner/vendor requirements. Company set up requirements - You are required to have at least one shareholder, a resident of Japan or overseas resident ok.