What is withholding tax for Japan?   Withholding tax refers to deducting income tax from the payment of individual suppliers.   The company pays the amount deducted the withholding tax to the individual payee first, and pays the tax that the company has deposited to the tax office afterwards. (The manuscript fee/lecture fee for outside individuals and the remuneration for lawyers/ judicial scrivener etc. are applicable to the withholding tax range.) Features of Our Solution    Payments to individual suppliers and individual business owners are automated, and accounting staff are released from complicated duplication works.   Also, journals of deposits to be paid to the tax authorities are automatically created.   By using this solution together with JBA format solution, it is possible to improve the efficiency of payment to individual suppliers furtherly.

What is withholding tax for Japan?   Withholding tax refers to deducting income tax from the payment of individual suppliers.   The company pays the amount deducted the withholding tax to the individual payee first, and pays the tax that the company has deposited to the tax office afterwards. (The manuscript fee/lecture fee for outside individuals and the remuneration for lawyers/ judicial scrivener etc. are applicable to the withholding tax range.) Features of Our Solution    Payments to individual suppliers and individual business owners are automated, and accounting staff are released from complicated duplication works.   Also, journals of deposits to be paid to the tax authorities are automatically created.   By using this solution together with JBA format solution, it is possible to improve the efficiency of payment to individual suppliers furtherly.

Brief Description

Blue Tiger Consulting's Withholding Payment application is a Japan-specific module that enable withholding income tax to be assessed automatically against payments of certain taxable income for personal vendors.

Key Benefits

Japan’s tax filing system is based as a rule on self-assessed income tax payment where individuals (tax payers) calculate their annual income and tax amount, and file tax returns by themselves. In addition, a tax withholding system where companies (income payers) collect income tax on the date of payment and pay the tax on behalf of individuals (income earners), is also introduced for specific incomes. Withholding income tax is assessed against payments of certain taxable income, whether paid to an individual. Income subject to withholding income tax is determined in accordance with the type of income and the classification of the recipient of that income. BTC's Withholding Payment application make it possible to automatically pay the taxation office the amount of tax withheld at source.

Customer Quote

N/A

Key Operation

The process is linked to NetSuite standard purchase order. It is possible to select the appropriate multiple purchase orders to improve operational efficiency. Manual journal entry is not required.

Calculating Automatically

Blue Tiger Consulting's Withholding Payment application make it easy to calculate the withholding income tax automatically.

Paying at Source

Blue Tiger Consulting's Withholding Payment application make it possible that withholding income tax is assessed automatically at source(income payers).

No Need for Manual Journey Entry

Blue Tiger Consulting's Withholding Payment application make can entry a manual journal automatically, so manual journal entry is not required.

Blue Tiger Consulting is the customer satisfaction No. 1 NetSuite partner in Japan.

In order to match the needs of client's business growing, we have implemented NetSuite for more than ten companies in Japan, 100% clients are satisfied with our services.

Also Blue Tiger Consulting developed multiple solutions inside NetSuite for Japan local market, which are loved by the users so much.

Totally more than 30 staff are here to support your company business accelerate more with the power of No.1 cloud ERP - NetSuite.

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