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Are Travel and Restaurant Payments During the Holiday Season Deducted in Japan?
The holiday season has come. People will enjoy coming home and feasting. Well, can those payments be considered business expenses in Japan?
1. Basic Thought
Only expenditures related to your business are considered expenses. In other words, individual-related payments are not. For example, a payment for your lunch alone is not an expense. On the other hand, it is an expense to go for lunch with your client.2. Coming Home Travel Fees
It basically is not considered an expense. However, if you do business, such as promotional activities, one day during your travel, the day-proportioned fees can be deducted.3. Restaurant Bills
Restaurant bills with your family and friends are not expenses. However, if one of your friends is a potential client, and you go out for a drink with him and sell your business, you might deduct this bill.Author Profile
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Accountant / Koshida Accouting and Tax Office
I started learning English when the Pandemic spread as a way to change my mood. It has been a few years, and I have been supporting foreign people and companies with pleasure. This is very rewarding because I can learn about different values, thoughts, and cultures. Then, I respect all people who come to Japan to try a new business.