CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Japan To Expand Use Of Company, Individual ID Numbers



Japan To Expand Use Of Company, Individual ID Numbers

by Mary Swire, Tax-News.com, Hong Kong

07 September 2015

On September 3, Japanese lawmakers approved an expansion to the country's new system of individual and corporate identity (ID) numbers.

The expansion will allow the Government to link ID numbers to accounts held by an individual or company at financial institutions, with effect from 2018.

"My Numbers" are to be issued in October this year by local authorities to all residents, including foreigners who have legally resided in Japan for more than three months and have an address in the country. It will need to be quoted on all documents related to tax and social security administration from January 2016.

For example, Japanese residents will be asked to provide their My Number on application forms and other documents needed for national pensions, unemployment and medical insurance, child allowances, and other welfare benefits, as well as tax procedures, such as the filing of tax returns.

Information-sharing between central government agencies based on ID numbers will begin from January 2017, and at the local government level from July 2017.

ID numbers will need to be provided on all income tax returns. For individuals, this will be necessary beginning with their 2016 tax returns, to be filed in February or March 2017. For companies, this will be necessary beginning with their tax declarations for years starting on or after January 2016.

Employers will also need to quote their employees' ID numbers on certificates of income and withholding tax for employment income earned from January 2016.

Only one ID Number will be issued to a particular company. Corporate ID numbers will not be issued to a company's branch office or other business establishment.

TAGS: individuals | expatriates | compliance | tax | business | tax compliance | employees | withholding tax | social security | Japan

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

i am appau dominic from ghana and i am looking for japan car junction company id number

appau dominic on Thursday, March 10, 2016

i am from ghana and am looking for company id from japan

appau dominic on Thursday, March 10, 2016

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 

Log into Tax-News+
Not registered yet? Find out about our daily news alert service »

 Email: 
 Password: 

Login »

Forgotten your password?







Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »