Convergence of Japanese
GAAP with IFRS
Recently, the number of Global Fortune 500 companies reporting their financial statements on IFRS ...
Selected Topics from the 2006 Tax Reform Act
With the recovery of the Japanese economy ...
Directors' Bonuses
Deductions for performance based ...
Directors' Salaries
If a notice to the Tax Office stating the amount ...
Directors' Compensation in a Family-owned Corporation
If certain directors and related persons own ...
Meeting and Entertainment Expenses
Special taxation measures for meeting ...
Family Corporation
The definition of a family corporation ...
Revision of income tax
1. Change in individual income and inhabitant tax rates
In order to transfer a portion of tax ...
2.Special tax reduction
The special tax reduction will be abolished ...
3.Housing loans for home acquisitions
Special tax treatment that applies ...
4. Definition of non-permanent resident
Under the current tax law ...
5.Tax credits for housing loans
The tax creditable amounts for housing loans ...
Thin Capitalization Rule
(1) Certain bond repurchase obligations can be ...
(2) The Thin Capitalization Rule will also ...
New Japan-United Kingdom Tax Treaty
On February 2, 2006, The United Kingdom ...
Submission of Statement of Business
The Company is now required to ...
Acceptance of postmark dates
Postmark dates on or before the due date will ...
Late filing penalties
(1) Penalty tax for the late filings ...
(2) Penalty for the late payment of withholding tax ...
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The New Corporate Law
The new Corporation Law ("new Law") was ...
1. Changes to the entity types
(1) Abolishment of Yugen Kaisha (Yk) ...
(2) New form of corporation: LLC ...
2. Requirements in establishing companies
(1) Elimination of minimum-capital requirement
(2) Elimination of capital deposit certificate
(3) Relaxation on the treatment of investments ...
3. Corporate organizational structure
Prior to the new Law, all Kabushiki Kaisha (KKs) ...
4. Treatment on the distribution of dividends
Under certain circumstances, dividends can be ...
5. Revised form of financial reports
Under the new Law ...
6. Directors’responsibility on internal controls
The board of directors must adopt a resolution ...
7. Other revisions and issues
(1)Pseudo-foreign companies ...
(2) Introduction of board of directors decisions by ...
(3) Terms of directors and corporate auditors ...
(4) Redefining the "subsidiaries"
(5) Notification to shareholders through website ...
(6) Flexibility in bond issuances
(7) Revisions to facilitate corporate ...
Working Overtime
Rules of employment and Article 36 agreements
Lately the frequency of labor disputes ...
Dismiss
The company must have rational and ...
What is Article 36?
Labor Standards Act Article 36 is an article of ...
If there is a labor dispute, authorities ...
Annual review of the rules of employment ...
Effective April 2006
Job Security Act for Seniors
1. This Act requires companies to incrementally ...
2. If companies are adopting retirement ...
National pension monthly premiums
Child-rearing subsidy
Determination of monthly standard ...
Notification of change to monthly standard ...
Notifications
Kreston International - In March 2006, Okamoto ...
PCAOB registration - Effective March 2005, we ...
Office Manager Seminar - Due to the ...
China Desk - In an effort to provide ...
Statement of Business - From April 2006, ...
10th anniversary Holiday - Okamoto & Company ...
