Why Japanese clients need Annual Financial Statement
Who needs it: āļāļĢāļīāļĐāļąāļāļāļģāļāļąāļāļāļļāļāļĢāļēāļĒ · āļŦāđāļēāļāļŦāļļāđāļāļŠāđāļ§āļāļāļāļāļ°āđāļāļĩāļĒāļ.
Japanese clients pursuing "Long-stay condos (Sukhumvit, Sriracha) + factory land via BOI" in Thailand typically need Annual Financial Statement before launching or buying.
Leverage: JTEPA (2007) â preferential market access; BOI auto-recognition for Japanese SMEs â our tax team combines it with the Thailand-Japan DTT to reduce your global tax bill.
What you get with NYC Legal
âĒ āļāđāļēāļāđāļāļāļāđāļāļđāđāļāļĢāļ§āļāļŠāļāļ âĒ āļĒāļ·āđāļ DBD āļ āļēāļĒāđāļāđāļ§āļĨāļē
Thailand â Japan Double Tax Treaty
Thailand has a DTT with Japan preventing double taxation on dividends, interest, royalties, rent and capital gains.
We obtain the Certificate of Residence (R.O.21/22) translated into Japanese so you can file the credit with Japan tax authorities.
Audit & Accounting â signed off by our in-house CPA.
Documents & process for Japanese clients
Passport + visa + Work Permit (if held) + Thai Tax ID.
Source-country business or income documents from Japan, translated to Thai + MFA + Thai Embassy legalisation in Japan.
Workflow: 1) Free consult in Japanese 2) Document audit 3) Petition/return preparation 4) Filing & follow-up 5) Monthly/quarterly summary report.
Fees & turnaround
Starting at quoted on request · 30â45.
Japanese clients on a monthly retainer save 15â25% and receive a free Quarterly Tax Review.
Invoices issued in Japanese so you can claim the deduction back home under the DTT.
FAQ
Do Japanese nationals pay Thai tax if they stay under 180 days?
No â you are not a Thai tax resident. Only Thai-sourced income (e.g. rental from a Thai condo, salary from a Thai employer) is taxable.
What does Annual Financial Statement start at?
From quoted on request + 7% VAT â fixed quote before we start.
How long does it take?
30â45 at DBD once documents are complete.
How does the Thailand-Japan DTT actually reduce my tax?
We obtain the Certificate of Residence from the Revenue Department, then you file it with the Japan tax authority to credit the Thai tax already paid â up to 100% of the overlap.
Can this be done while I'm overseas?
Yes â sign a POA + courier documents via DHL. We file and return the receipts.