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JAPAN TAX BULLETIN

Bad debt loss and bad debt allowance

2021/04/061 min read

Contents

Under the Corporation Tax Acts, where monetary claims such as account receivables, loan receivables etc. become uncollectible, losses on such monetary claims are tax deductible subject to certain conditions.
Further, SME1 and certain other corporate taxpayers are allowed to make a tax-deductible provision for bad debt allowance subject to the deductible limitation.

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