Tax & Filing
ほうじん法人じぎょう事業ぜい税
Corporate Enterprise Tax
Definition
Corporate Enterprise Tax is a local tax levied by prefectures on income from corporate business activities. It is filed and paid to the prefectural tax office together with corporate resident tax (法人住民税). Rates vary by prefecture and business type. Uniquely among taxes, it is deductible as an expense for corporate tax (法人税) purposes in the following fiscal year.
Examples
法人事業税は翌年度の法人税の計算上、損金に算入できます。
Corporate enterprise tax (法人事業税) can be deducted as an expense when calculating corporate tax (法人税) for the following year.