Archive for October 16th, 2010

Accounting for Japanese civil law partnerships

October 16, 2010  |  Entities, Nin i Kumiai, Tax and Accounting  |  No Comments

Performing the 'Bon Odori' or 'Bon Festival Dance', a traditional element of the O-Bon Buddhist festival commemorated in Japan each August for over five hundred years.

This article discusses the basic Japanese accounting treatment of membership of Japanese civil law partnership, in Japanese a nin’i kumiai and below an NK.

An overview of the legal aspects of an NK arrangement can be found in this article, which also includes defined terms or abbreviations used here.

A description of the tax treatment can be found in this article.

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