Archive for February 8th, 2010

Time limits, revised returns, request for assessment

February 8, 2010  |  Corporate tax administration  |  No Comments

A more typical Tokyo street scene - no geisha here...

Penalties for failure to file tax returns and requests for tax repayment in Japan are heavy and the rules themselves are complex with plenty of traps for the unwary.

Corporation tax filing and payment

Corporation tax returns are due within two months from the day following the last day of each tax accounting period end and should include the matters prescribed by the relevant jurisdiction tax office (in practice, this means it should be made on the required schedules).  The amount shown as due on the return has to be paid.  Also where a tax accounting period exceeds six months, then an interim tax return and payment is required. Read More