Kojima Tax & Accounting Office, Minato-ku Tokyo | Company Setup, Tax Consulting, Inheritance, Tax Return

FAQs - 2. Taxation-related matters

2-3) Do any taxation penalties exist?

Penalties may be levied in some cases, such as failure to pay tax by the payment deadline or under-declaration of tax.

These monetary penalties include overdue tax, non-payment tax, and interest tax. The following table gives a simple indications of the details and relevant tax rates for each type.