Sep 01 2024
The number of field audits in Japan has been increasing each year, and is now returning to the level seen prior to the COVID-19 pandemic (see our Tax Controversy Japan Update 2024). Foreign multinationals are therefore likely to face a tax audit in the near future (if not already), and while tax audits may result in disagreements between a company and the tax authorities, it could be in best interests of the company to try and resolve those differences during the course of the tax audit.
In this episode of The Japan Perspective, Yutaka Kitamura, Tax Controversy Leader, DT Legal Japan, provides an overview of a typical tax audit in Japan and discusses the options available to a taxpayer facing a potential tax assessment.
The Japan Perspective is a podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.
