Based on our business experience for the last 10 years, OPTI simplifies the processes necessary for a registration with the web. This helps with the easy completion of the highly complex application for a JCT registration.
Based on opinions concerning past transactions from 100 or more customer companies, OPTI automates all processes with technology. This enables customers to receive a JCT return with high efficiency.
OPTI carries out many transactions with over 100 leading global companies and is very familiar with the Japanese tax system. Therefore, we can satisfy a variety of needs from a variety of customers regarding the JCT.
The JCT is imposed on i)transfers of assets and ii)provisions of business services, conducted in Japan by enterprises for a consideration and goods imported from foreign countries at the time of their import. The tax is borne by consumers and paid by enterprises.
The JCT rate increased to 10% on October 1, 2019. At the same time, the reduced tax rate system was adopted. This resulted in the introduction of multiple tax rates. Specifically, the 8% tax rate is applied to transfers of foods and beverages excluding alcohol and eating out. Including transfers of land and services offered by long-term care insurance, some transactions are non-taxable because of the nature of the JCT and social policy considerations.
The Tax Agent is a Japanese corporation or person doing clerical work on tax payments for non-residents operating taxable activities in Japan who are required to file a tax return and pay tax. Such persons are required to appoint a Tax Agent and OPTI can be your Tax Agent.
An enterprise becomes a Taxable Enterprise when its Taxable Sales are above 10 million yen for the Business Year prior to the Base Period (the fiscal year in the case that the enterprise is a corporation). In the case that Taxable Sales are above 10 million yen for the first half of a Base Period, an enterprise becomes a Taxable Enterprise from the following fiscal year even if the Taxable Sales are 10 million yen or less for the entire Base Period. A Taxable Enterprise is required to perform JCT registration in advance and file a tax return for at least 2 years after registration.
It means sales that satisfy all of the following four conditions.
1) Effectuated in Japan
2) Effectuated by a business for its business purposes
3) Effectuated for a compensation
4) Effectuated by the transfer or lease of assets or by the provision of services
The Base Period represents the Business Year (fiscal year) of the headquarters of a non-resident corporation. It ranges from January 1 to December 31, when the headquarters settles accounts in December.
An enterprise is exempted from tax obligation for a Business Year when its sales are 10 million yen or less for the relevant Base Period. But a Tax Exempt enterprise is allowed to voluntarily select to be a Taxable Enterprise. No rule is established to prohibit a Tax Exempt enterprise from imposing JCT on taxable transactions.
If Taxable Sales in the Business Year prior to the Base Period are 50 million yen or less, and the notification form has been submitted in advance to a tax office, it is authorized to calculate tax credit for purchases from Taxable Sales without calculation of taxes of actual taxable purchases.
1) To receive a list of the necessary documents for by downloading from our website
2) To prepare and sign the necessary documents and upload their copies to our website
3) Tax Agent to check the uploaded documents
4) To send originals of the necessary documents to us
5) Tax Agent to submit the necessary documents to a tax office
1) To receive a list of the necessary documents by downloading from our website
2) To prepare the necessary documents and data and upload their copies to our website
3) Tax Agent to check the upload copies
4) Tax Agent to inform the JCT payment amount
5) To check the JCT payment amount
6) To pay taxes to a tax office mediated by a Tax Agent
A1. We offer three services: i)JCT registration, ii)Acting as your Tax Agent and iii)Supporting for annual tax return. The fee depends on the size of the transactions made in Japan and the necessary manhours. Initially please fill in this form, then we will send you a proposal in which the fee is stated.
We give no guarantee of the legality and accuracy of the information about the matters stated in this site. The stated information is obtained from reliable sources, but we are not responsible for consequences stemming from use of the information such as mistakes or a lack of complete information.