Thursday, October 17, 2013

Tax return and tax payment of Japan corporate tax, corporate inhabitant tax and enterprise tax


Japan branch and corporation must file final tax returns for corporate tax, corporate inhabitant tax and enterprise tax on taxable income within two months from the day following the last day of each tax year.  Extension of deadline for filing the final tax returns may be requested, with approval from the director of the tax office, for unavoidable reason (e.g. its audit has not been completed). Owed taxes must also be paid within this same period. The payment schedule and deadline will not be extended even if the deadline for filing the final tax returns were approved; tax deductible late payment charges for the extended period will be imposed if the tax payments shall be overdue.

Japan branch and corporation whose taxable years exceeding six months must file interim returns within two months from the day following the last day of the first six months taxable year, and such entities must pay the interim amount of tax owed accordingly.

For more: http://english.uniteds.asia