Webinar: “E-Preservation Act – Stay Tax-Compliant beyond 2024” (JP/EN)

The Austrian Business Council, in collaboration with the SCCIJ and other foreign chambers of commerce, is pleased to invite you to a joint webinar with Mr. Juergen Dumont and Mr. Kentaro Togashi (Mazars in Japan), who will deliver an important presentation (EN/JP) on the E-Preservation Act and its future implications for companies operating in Japan. Full recording available here!

With the 2021 Japan tax reform of the E-Preservation Act (Act on Book and Record Keeping through Electronic Methods or 電子帳簿保存法) a further step in digitalizing tax related processes has been taken. The changes will be more fundamental as the possibility to preserve records of so called “electronic transactions” in hard copy format has been abolished from January 2022, with the possibility of a deferred implementation over a period of two years. Accordingly, from January 1, 2024, taxpayers will be obliged to preserve “electronic transactions” in an electromagnetic format, which is accompanied by certain rules and standards for handling and storing information electronically.
This webinar will provide an introduction to the rules for electronic preservation for all types of company records, i.e. accounting books, scanned documents and electronic transactions, and will explore the available tools and measures to stay compliant for preserving records in an electronic format. Following a short (10 min.) introduction in English summarizing the key points of the presentation, a longer in-depth session (30 min.) in Japanese will address the details of the new regulations. Topics will notably include:
• Definition of types of company records per the E-Preservation Act;
• Methods for storing information electronically per the type of records;
• Practical solutions for required systems and processes;
• Q&A and guidance published by the National Tax Agency Japan.

Speakers (Mazars in Japan):

Mr. Juergen Dumont is a Director in the Outsourcing practice of Mazars in Japan. He draws on 27 years of experience from roles in Professional Services and Management in Germany and Japan. He started his career with providing audit and tax advisory services in Duesseldorf and Tokyo, followed by assuming two senior finance roles at German companies in the software and the manufacturing business. Before joining Mazars in Japan Juergen provided tax compliance, outsourcing and market entry support services at a Big 4 tax advisory firm in Tokyo. Due to his experience from working for international organizations at headquarter and subsidiary level, Juergen is destined for assisting foreign-owned companies doing business in Japan. With his dedicated and proactive approach he adds the value clients can expect to receive.

Mr. Kentaro Togashi is a Manager in the Outsourcing practice of Mazars in Japan. He has 7 years of experience as an admin manager at a listed venture capital firm. He also worked as a sales representative at the Japan Desk of Mazars Thailand for more than 5 years, assisting Japanese companies doing business in Thailand. He possesses comprehensive knowledge and experiences related to general corporate and legal affairs, accounting and financial reporting (IFRS and J-GAAP), disclosure, international and domestic taxation, investor relations, finance and corporate planning. Kentaro’s focus at Mazars is developing and offering tailored service solutions to clients.​

Participating Chambers:

Find below the complete recording of the webinar: