Corporation law in Japan
We are required to keep shareholder minute and BOD (board of director) minute at least 10 years in corporation rule in Japan. shareholder meeting is mainly one time for ordinary one not monthly. It could be possible for extraordinary one any time as well. BOD meeting should be held at least one time for every 3 month or more.
Tax law in Japan
We are required to keep any document in relation to tax return at least 7 years in tax rule in Japan. However, Carry forward period of the loss amount in the fiscal year beginning on April 1, 2017 or after will becoming 10 years, so the loss can roll forward within next 10 years. Hence, basically 7 years but, according to income loss, it is necessary to keep at least 10 years for carryover deduction.
