1. Introduction
The 2018 tax reform introduced a new rule, the “special treatment of tax filing via electronic data processing systems.” Under the new rule, certain companies are required to file their tax returns via e-Tax (Japan’s online national tax filing and payment system). This rule is applied for business years (taxable periods) starting on or after April 1, 2020. In this News, we will mention the scope of companies, taxes, and other points about e-Tax filing requirements.
2. Scope of companies
① A Japanese company whose capital exceeds JPY100 million at the beginning of the fiscal year
② A Japanese company which is a mutual company, an investment corporation (J-REIT), and a specified purpose company (TMK)
※ For consumption tax and local consumption tax, in addition to the above, the national government and local governments
3. Scope of taxes, tax procedures, and documents subject to e-Tax filing requirements
① Taxes
corporation tax, consumption tax, corporate inhabitant tax, corporate business tax, and other taxes
② Tax procedures
final tax returns, interim (provisional) tax returns, interim tax returns based on the provisional settlement of account, amended tax returns, and refund tax returns
③ Documents
all tax returns and documents to be attached to tax returns
4. Penalties
In cases where a company submits its tax return on paper instead of filing via e-Tax, it will in principle be treated as not being filed and subject to additional tax for not filing and delinquent tax. In addition, in cases where a company does not file within the statutory due date for two consecutive fiscal years, in some cases, the approval of blue tax returns will be canceled.
In cases where a company cannot file via e-Tax due to troubles caused by disaster and other relevant reasons, it is allowed to file tax returns on paper upon the approval from the tax authority.
5. Conclusion
In this News, we mentioned “e-Tax tax filing requirements for large companies.” Please note that this News only introduces general outlines and does not include professional advice. So please make sure not to make any decisions without taking professional advice individually. If you have any questions, please feel free to contact us.
(References / in Japanese)
e-Tax official website
・e-Tax filing requirements for large companies
・List of companies subject to e-Tax filing requirements (summary)
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