English expressions about tax Part 27

This is great for businesses whose sales have dropped.

Tax exemption point system for business owners

However, there are some points to note.

Even if the taxable sales revenue for the base period is less than 10 million yen, if the taxable sales revenue for the specified period exceeds 10 million yen, the business exemption point system does not apply and the business becomes a taxable enterprise.

Even if the taxable sales revenue is below ¥10,000,000 during the standard period, if the taxable sales revenue for the specific period exceeds ¥10,000, 000 000, the tax exemption point system for business owners is not applied and the business owner will impose taxation.

This means that

The standard period = the standard period

and

The specific period

The next time, we will check these periods.

Let's check these periods in the next issue.

See you next time!