You may be able to deduct client entertainment costs from your company’s taxable income if you meet certain criteria. In Japan, it is common to see drunk ‘salarymen’ (business workers) slouched over the restaurant table with their work-tie tied around their forehead. Surprisingly, gatherings like these are actually classed as…
TAX WORDS IN JAPANESE
Our tips: English Japanese Memo Accelerated Depreciation 一括償却 The tax treatment to receive the lump sum deduction rather than the gradual one. Basic Deduction 基礎控除 The personal allowance works as the deduction from taxable income, if the income is less than 24 mil yen then 0.48 mil yen . Corporation…