Archive for October 4th, 2010

Correcting Japanese withholding tax errors

October 4, 2010  |  Withholding tax  |  No Comments

Ema - wooden plaques on which a person writes their wish and ties to a fence or tree in the temple grounds.

Under the Japanese withholding tax system the Payor of Japanese source income on which withholding tax applies has an obligation to withhold the tax concerned and pay it over to the tax authorities.  A Payor who withholds insufficient tax may be liable to penalties and interest in respect of the underpayment.  Procedures also exist to repay the Payor for certain taxes incorrectly over-withheld. Read More