- Entertainment expenses
In order to revitalize the economy through increased consumer spending, from accounting periods beginning on or after April 1, 2014, 50% of entertainment expenses spent on food and drink has been treated as tax deductible expenses.
However, corporations whose capital is JPY100 million or less are able to choose to deduct 100% of all entertainment expenses up to JPY8 million instead of the 50% food and drink deduction described above (This is not applicable to a corporation held 100% by a parent company with capital of JPY500 million or more).
