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Grant Thornton Japan is one of Japan’s leading assurance, tax and business advisory firms dedicated to serving the needs of public interest entities and privately held businesses.

Audit & Assurance Services

We approach each audit with sharp thought, straight talk and common sense. In addition to verifying that financial results are fairly presented and meet applicable professional standards, we provide observations and insight into the real performance of your business.

Tax Services

Ambitious organisations need to consider their tax affairs carefully to gain trust and stay ahead of their competitors.

Advisory Services

As your business grows, our advisory services are designed to help you achieve your goals. Successful growth often means navigating a complex array of opportunities, challenges and risks.

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    Lease transactions
    JAPAN TAX BULLETIN Lease transactions
    Many companies in Japan conduct lease transactions, such as office leases, copiers and vehicles, and these lease transactions are accounted for in accordance with IFRS, US GAAP or Japan GAAP and so on. Japan corporate tax law has particular treatments for lease transactions. This article provides an overview of leases from the lessee's perspective.
    5 min read |
    Foreign Tax Credit System in Japan
    JAPAN TAX BULLETIN Foreign Tax Credit System in Japan
    The Foreign tax credit system is designed to avoid international double taxation. It allows a corporation to deduct, within certain limits, the amount of foreign corporate income tax paid or withheld abroad from its corporate tax liability. A domestic corporation and a foreign corporation which has a permanent establishment in Japan are allowed to take advantage of the foreign tax credit. The following explanations are for a domestic corporation. A foreign corporation is able to take foreign tax credit for eligible foreign taxes on income attributable to a permanent establishment in Japan.
    8 min read |
    Size-based business taxation in Japan
    JAPAN TAX BULLETIN Size-based business taxation in Japan
    The corporations subject to the size-based business taxation have been revised with the 2024 (Reiwa 6) tax reform.
    7 min read |
    Navigating UTPR in Japan: Inbound Businesses in Focus
    JAPAN TAX BULLETIN Navigating UTPR in Japan: Inbound Businesses in Focus
    Pillar Two presents a complex web of rules, Income Inclusion Rule (IIR), Qualified Domestic Minimum Top-up Tax (QDMTT), and the Undertaxed Profits Rules (UTPR), formerly known as the Undertaxed Payments Rule. Multinational enterprises (MNEs) operating in Japan will need to understand the interaction of each rule enacted under Japan's domestic legislation.
    10 min read |
    Business Travel to Japan - Understanding the 183-day rule for income tax treaties
    JAPAN TAX BULLETIN Business Travel to Japan - Understanding the 183-day rule for income tax treaties
    With the COVID-19 travel restrictions lifted, business travel has increased significantly. Some companies assume their employees are tax-exempt if their home country has an income tax treaty with the host country and the employee spends not more than 183 days in aggregate there.How to count the days can easily create confusion. This edition of the tax bulletin explains how to count 183 days and pitfalls you need to be aware of when counting travel days to Japan.
    9 min read |