Deadlines for claiming are quickly
approaching
Deadlines for claiming are quickly
approaching
We are certified professionals and will be happy to assist any type of business operator in claiming the following COVID19 related subsidies:
Japanese Subsidy for Sustaining Business (“Jizokuka Kyufukin”)
Japanese Subsidy for Supporting Rent Expenses (“Yachin Shien Kyufukin”)
Japanese Subsidy for Sustaining Business (“Jizokuka Kyufukin”)
Japanese Subsidy for Supporting Rent Expenses (“Yachin Shien Kyufukin”)
No English guidance has been released on the above subsidies. In addition, any applications shall be filed via on-line (no English website is available). We will be happy to explain to you in English about necessary documents. We can lawfully file any applications via on-line on your behalf.
Non-Refundable
Subsidy Program
provided
by Japanese
Government for
Sustaining Business
(“Jizokuka Kyufukin”)
Deadline for Claiming
- 15 January 2021 (no extension is allowed)
Maximum Amount of Claimable Subsidy
- For individual, JPY 1 million
- For corporation, JPY 2 million
Conditions Required to Claim
- 50% or more decrease in operating revenues for one month this year, compared to the same month for the prior year (e.g. April 2020 Sales is less than half in April 2019) – “one month this year” in this case is one of the month from January 2020 to December 2020, and
- Stated capital of less than JPY 1 billion (for corporation with no stated capital or individual, the number of employees regularly employed shall be less than 2,000)
Required Documents
- For individual, Japanese individual income tax return for CY2019, sales account’s general ledgers for CY2019 and CY2020, and identify verification document (e.g. driver’s license)
- For corporation, Japanese corporate tax return for the FY2019, and sales account’s general ledgers for FY2019 and FY2020 years, etc.
- Application should be via on-line – no English website is available (only Japanese is available)https://www.jizokuka-kyufu.jp/
Note
- Claimed subsidy can generally be received within two (2) weeks after having filed appropriate applications, but if the filed applications are not appropriate, it should significantly delay the time to actually receive subsidy.
Non-Refundable
Subsidy Program
provided by Japanese
Government for
Supporting Rent
Expenses
(“Yachin Shien Kyufukin”)
Deadline for Claiming
- 15 January 2021 (no extension is allowed)
Maximum Amount of Claimable Subsidy
- For individual, JPY 3 million
- For corporation, JPY 6 million
Conditions Required to Claim
- 50% or more decrease in operating revenues for one month this year, compared to the same month of the prior year (e.g. May 2020 Sales is less than half in May 2019 – “one month this year” in this case is one of the months from May 2020 to December 2020, or
- 30% or more decrease in operating revenues for consecutive three (3) months this year, compared to the corresponding three month period of the prior year – “consecutive three (3) months this year” in this case is any of consecutive three months from May 2020 to December 2020.
- Stated capital of less than JPY 1 billion (for corporation with no stated capital or individual, the number of employees regularly employed is less than 2,000)
Required Documents
- Rental agreement and records of rent payments (for corporation and individual)
- For corporation, Japanese corporate tax return for the FY2019, and sales account’s general ledgers for FY2019 and FY2020 years, etc.
- For individual, Japanese individual income tax return for CY2019, sales account’s general ledgers for CY2019 and CY2020, and identify verification document (e.g. driver’s license)
- Application should be via on-line – no English website is available (only Japanese is available)https://yachin-shien.go.jp/
Note
- Claimed subsidy can generally be received within two (2) weeks after having filed appropriate applications, but if the filed applications are not appropriate, it should significantly delay the time to actually receive subsidy.
Professional Fees
Subsidy for sustaining business
-
Typical Fee
10% of the amount of subsidy claimed -
Minimum Fee
JPY 100,000
Subsidy for supporting rent expense
-
Typical Fee
10% of the amount of subsidy claimed -
Minimum Fee
JPY 150,000
Note
- For a business operator who has two (2) or more business offices/rent expenses, we would need to adjust our minimum fee to align with the actual volume of works required.
- Consumption tax (Japanese equivalent of value added tax) will be charged at 10% in addition to the above fee amounts.
