![[Column Presentation] Where to pay property tax for assets leased to external parties?](https://image.mono.ipros.com/public/product/image/7f3/2000779700/IPROS04795927872919177356.png?w=280&h=280)
[Column Presentation] Where to pay property tax for assets leased to external parties?
If Company A, which owns the asset, and Company B, the borrower, are located in different municipalities, where should the property tax for the loaned asset be paid? To the location of Company A or to the location of Company B?
Property tax is paid by those who own fixed assets as of January 1st (assessment date) each year, to the municipality where the fixed assets are located, for the tax year starting on April 1st of that year. The tax amount is calculated based on the value of the fixed assets. Here is one question. Should demo machines of our products, which are lent to other companies for promotional purposes, and fixed assets like factory molds be taxed in our municipality, or should they be taxed in the municipality of the borrowing company? If both companies are in the same area, there is no issue, but what if the municipalities of Company A, which owns the asset, and Company B, which borrows it, are different? To resolve this question, I called the local tax office for clarification. You can read more in the related link or by downloading the PDF. Please take a look.
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