Q&A on Japanese Taxation for Multinational Corporations

Q&A on Japanese Taxation for Multinational Corporations, presented in a unique and easy-to-use Q&A format, furnishes clear and concise responses to the most frequently asked questions that tax professionals operating in or doing business with Japan may encounter in practice. Japan is one of the world’s most distinct industrial jurisdictions. Its participation in several multinational corporate transactions and its extensive and complex tax regime inevitably play a crucial role. The author, a distinguished Japanese international tax specialist, has assembled eighty-seven questions revolving around tax issues he has consulted on over more than twenty years of direct experience in advising international businesses.

What’s in this book:

The questions, which are based on actual examples, cover every area of tax practice, including the following:

• tax notifications upon establishment of a Japanese company
• foreign tax credits
• transfer pricing documentation obligations
• tax treatment of small- and medium-sized enterprises
• exemption from withholding tax for Japanese branches of foreign corporations
• withholding tax on royalties for trademarks and relief under tax conventions
• withholding tax on directors’ remuneration paid to non-resident directors
• maintenance of electronic accounting books and records
• tax treatment of bad debt losses
• deductibility of entertainment expenses
• sales and purchases of goods located in Japan by a foreign corporation, and
• tax treatment of the cross-border supply of electronic services

This book delivers English translations of terms used in Japanese taxation and tax practice to facilitate understanding for non-Japanese tax practitioners.

How this will help you:

As an overview of Japanese tax issues that may be faced in the realm of international business, this nonpareil book provides tax professionals with a profusion of expertise that may be readily applied to any tax strategy involving a business transaction with a Japanese element. In-house corporate counsel, taxation academics, and tax lawyers worldwide will highly appreciate this pragmatic book.