Tax Guide and Tax Savings Guide

Submission Target Small domestic corporations such as real estate leases 1) Fewer than 5 regular employees 2) Ownership ratio of the controlling shareholder exceeds 50% 3) The total of real estate, interest, and dividend income is more than 50% of sales Corporations converted from diligent-reporting individual businesses within 3 years after conversion For the 3 business years including the conversion date, there is an obligation to submit a confirmation of diligent reporting Domestic corporations that have acquired businesses from converted corporations However, even if it falls under the above, domestic corporations that have undergone an audit by an external auditor under the External Audit Act for stock companies are exempt from the obligation to submit a confirmation of diligent reporting Submission Deadline Within 4 months from the end of the business year (the deadline for corporate tax filing is also automatically extended) See More on Beyul’s Blog