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The useful life of the depreciable asset has passed and depreciation has ended. Is it still necessary to submit a report in this case?

Updated: February 20, 2014

If you have depreciable assets, you are required to declare your assets as of January 1st of each year according to local tax laws. Also, even if the asset has passed its useful life and depreciation has ended, the residual value (5% of the acquisition price) remains.
Therefore, as long as the asset is used for business, a declaration is required.

Inquiries about this page

Inagi City Citizens Department Taxation Division
2111 Higashi Naganuma, Inagi City, Tokyo
Phone: 042-378-2111 Fax: 042-370-7055

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Inagi city official mascot Nashinosuke Inagi
2111 Higashi Naganuma, Inagi City, Tokyo 206-8601
Open agency hours: 8:30 a.m. to 5:00 p.m. Main phone number: 042-378-2111 Fax: 042-377-4781
Copyright (C) Inagi City. All rights reserved.
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