Japanese Business Glossary

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DEFINITIONS:

企業の税番号, or "Corporate Tax Number," is a unique identifier assigned to businesses in Japan for tax purposes. This number is issued by the National Tax Agency (NTA) and is required for various administrative processes, including tax filings, social insurance procedures, and other official documentation.

The tax number system was introduced to enhance the efficiency and accuracy of tax administration. It ensures that all corporate entities are properly accounted for within the tax system, making it easier for the government to track tax obligations and compliance. This system also helps in reducing tax evasion and improving transparency in financial transactions.

When a company is incorporated in Japan, it must register with the NTA to obtain its corporate tax number. This number is then used in all official communications with tax authorities and other government agencies. Businesses must ensure they maintain accurate records and report their tax number on relevant documents to comply with Japanese tax laws.

Having a corporate tax number is essential for conducting business in Japan. It is a fundamental part of the legal and regulatory framework that supports the country's economic activities, providing a standardized method for identifying and managing corporate entities within the tax system.

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