Service03
Service03
Tax Reform Compliance
Support
Tax Reform Compliance
Support
We provide tailored support,
ranging from system development to comply with tax reforms,
practical operational assistance,
and in-house training
We provide tailored support,
ranging from system development to comply with tax reforms,
practical operational assistance,
and in-house training
Support for conducting Training or Study sessions
Support for conducting Training or Study sessions
Assistance in organizing internal structure
Assistance in organizing internal structure
Support in decision making
Support in decision making
To address tax reform, it is most important to have an accurate understanding of the new policy. It is essential to make practical judgments when adapting them to internal rules, and establishing systems to communicate and manage them effectively . The main challenge for tax officers and key personnel lies in making decisions on situations that are not explicitly addressed by public guidelines.
A conservative approach minimizes risk, but can lead to operational inefficiency or increased costs for the company. With the new invoice system for consumption tax and electronic record-keeping laws, many companies likely struggled with keeping up with the tax authority’s updates through the website Q&A, all while finding ways to organize, assess, and communicate solutions to practical issues.
We will fully support tax officers with these concerns by providing guidance that closely aligns with specific challenges related to tax reform
Point
Host or support of training sessions
and study groups
The ultimate goal of responding to tax reforms is to ensure that actual operations are conducted correctly. Therefore, it is essential that not only tax officers and accounting staff, but all personnel involved understand and recognize the content of the tax reforms. However, for most employees tax matters is something new, making it necessary to explain them clearly, carefully, and in detail.
Additionally, tax reforms involve not only legal changes but also information released in the form of the tax reform outline, explanations from various ministries, circular notices, and website Q&A formats. Keeping up with all of this information alone can be overwhelming, and on top of that, the information must be communicated within the company. There are challenges regarding the timing, methods, and scope of dissemination.
We provide timely information and support the delivery of clear, careful, and detailed explanations. We can also conduct or support training sessions, whether in-person or online, as well as e-learning, according to your needs.
Support for Internal Structure
Development
Responding to tax reforms requires cusomization to the company’s internal structure. Many tax officers may not be fully aware of the specific work conducted by other departments, which makes it is very important to listen to feedback from the field and work together to identify key points and organize how to address them. Simply passing on the rules and leaving the responsibility to others is something we believe should be avoided.
Companies often own various systems that manage information, not just accounting software. With tax reforms, decisions need to be made on whether to consolidate the necessary tax filing data into accounting software or manage it across multiple systems using peripheral systems, while considering the limitations of the accounting software.
We give support from internal structure development to resolving system-related issues to ensure a smooth response to tax reforms.
Support for Decision-Making
in Practical Operations
In tax reforms, the overall direction is determined by law, while the details are often published on the National Tax Agency’s website as Q&As, and FAQs. The Q&As and FAQs provide specific case studies, interpretations, and the rationale behind decisions, but tax officers often struggle with determining whether it is appropriate to apply these interpretations to cases that are not explicitly mentioned. There is a dilemma: if you lean too much on legal requirements, the practical operations may not work; on the other hand, if you focus too much on practicalities, you may fail to meet legal requirements. This raises the question, “What is the acceptable range?”
We work with tax officers to determine how to align practical operations with tax reforms, offering maximum support for the most difficult decision-making.
Point
Host or support of training sessions and study groups
The ultimate goal of responding to tax reforms is to ensure that actual operations are conducted correctly. Therefore, it is essential that not only tax officers and accounting staff, but all personnel involved understand and recognize the content of the tax reforms. However, for most employees tax matters is something new, making it necessary to explain them clearly, carefully, and in detail.
Additionally, tax reforms involve not only legal changes but also information released in the form of the tax reform outline, explanations from various ministries, circular notices, and website Q&A formats. Keeping up with all of this information alone can be overwhelming, and on top of that, the information must be communicated within the company. There are challenges regarding the timing, methods, and scope of dissemination.
We provide timely information and support the delivery of clear, careful, and detailed explanations. We can also conduct or support training sessions, whether in-person or online, as well as e-learning, according to your needs.
Support for Internal Structure Development
Responding to tax reforms requires cusomization to the company’s internal structure. Many tax officers may not be fully aware of the specific work conducted by other departments, which makes it is very important to listen to feedback from the field and work together to identify key points and organize how to address them. Simply passing on the rules and leaving the responsibility to others is something we believe should be avoided.
Companies often own various systems that manage information, not just accounting software. With tax reforms, decisions need to be made on whether to consolidate the necessary tax filing data into accounting software or manage it across multiple systems using peripheral systems, while considering the limitations of the accounting software.
We give support from internal structure development to resolving system-related issues to ensure a smooth response to tax reforms.
Support for Decision-Making in Practical Operations
In tax reforms, the overall direction is determined by law, while the details are often published on the National Tax Agency’s website as Q&As, and FAQs. The Q&As and FAQs provide specific case studies, interpretations, and the rationale behind decisions, but tax officers often struggle with determining whether it is appropriate to apply these interpretations to cases that are not explicitly mentioned. There is a dilemma: if you lean too much on legal requirements, the practical operations may not work; on the other hand, if you focus too much on practicalities, you may fail to meet legal requirements. This raises the question, “What is the acceptable range?”
We work with tax officers to determine how to align practical operations with tax reforms, offering maximum support for the most difficult decision-making.
Support
◾️In-House Training and Material Preparation
◾️In-House Training and Material Preparation
To deepen the understanding and knowledge of tax reforms across the entire company, we will prepare easy-to-understand materials and conduct study sessions as lecturers, supporting the accurate understanding and dissemination of tax reforms throughout the organization. We also assist to create tax-related educational content, such as e-learning modules.
◾️Reform Impact Analysis Support
◾️Reform Impact Analysis Support
We provide support in analyzing the scope of impact that tax reforms may have on various internal departments, helping to ensure accurate assessment. Additionally, we offer advice on how to collaborate with other departments to smoothly implement the necessary changes.
◾️Support for Building Practical Workflows
◾️Support for Building Practical Workflows
To bridge the gap between the tax reforms and practical operations, we assist in creating workflows that align with the company’s operational and organizational structure.
◾️Support for Changing Accounting Software
◾️Support for Changing Accounting Software
To adapt to the tax reforms, existing accounting systems, software, or tools may prove insufficient. When changes are necessary, we provide practical support related to software modifications and assist in coordinating with system vendors. This not only helps with compliance to revised regulations but also aims to reduce the internal burden on the company. For more details, please visit our accounting software implementation support website.
◾️Support for Strengthening Tax Compliance
◾️Support for Strengthening Tax Compliance
We will educate your tax personnel to enable business to independently adapt to new requirements following tax reforms and ongoing changes in tax regulations. Our assistance includes reviewing the procedures for preparing tax documents, enhancing the tax filing system, and providing tax training for employees, all aimed at strengthening the company’s internal controls related to tax compliance.
Case
Support for the Introduction of the Consumption
Tax Invoice System
In October 2023, Japan introduced the consumption tax invoice system. We were requested to provide support to ensure proper compliance with this new system.
Under the invoice system, tax officers are required to verify even the format of each invoice for compliance. We assisted them in making well-informed and confident conclusions on these matters.
Additionally, many companies face challenges due to the various existing systems and the constraints within each. This can make it difficult to fully align with the new tax reforms. We worked closely with our clients to identify how to meet compliance standards with a minimum yet effective approach, finding tailored solutions that suited both the company and the practical needs of their teams.
Compliance Related
to the Group Tax Relief System
As part of our services related to the group tax consolidation system, we were requested to assist with data entry.
This involves entering data from tax calculation worksheets and tax-related ledgers created in Excel into TKC Corporation’s Tax Effect Accounting System (eTaxEffect) and Group Tax Consolidation Filing System (e-TAX Group Consolidation).
We continue to provide ongoing support for these data entry needs.
Contact
Click on Inquiries to contact us.
We offer support, practical assistance, and lectures.
*Consultations are free of charge.
Contact
Click on Inquiries to contact us.
We offer support, practical assistance, and lectures.
*Consultations are free of charge.
