Nagamine & Mishima Accounting Office

Accounting practice since 1989

  • English
  • 日本語 (Japanese)
  • About
    • Message from the Managing Partner
    • Leadership
    • Advantage
  • Services
    • Startup Support
    • Expansion Support
    • Crisis Support
    • Cloud Support
  • Resources
    • Seminars
    • Newsletters
    • Monthly Checklists
    • Japanese Business Guide
  • Blog
  • Clients
  • Contact

Loss Carried Forward

Loss Carried Forward

The amount of carried forward loss a company can use has been extended from 7 years to 9 years in 2012. In order to apply, you are required to submit the blue form notification to the tax authorities and your capital amount needs to be below the threshold of medium and small size company defined in the Japanese tax code. The balance outstanding for carried forward losses are included in every year’s tax return so please make sure your tax accountant is submitting them correctly. Besides maximizing the usage of carried forward losses for deductible losses, there is a way to apply for refund as well, so consult with your tax accountant if you are in a position to do so.

Blog Categories

  • Blog
  • Facts about Tax
  • Newsletter

Need support for your business in Japan?


With over 25 years experience, our team is here to help. Fill out our simple contact form and we will be in touch very shortly.

People are Talking

  • “We are Japanese company that imports and sells ice cream of Glacio, Belgium Company. We already have a ten-years of relationship with N & M.

    We are helped a lot not just for their daily accurate accounting, but for their fast and exact response to our company in Japan that is also extended to local office in Belgium.

    In addition to that, as their staffs always handle and consult our accounting or legal matters positively, N & M is a very reliable accounting office.”

    Ryuji Nozaki

    Glacio Ice Cream Japan K.K.