Ex Works (EXW) and Delivered Duty Paid (DDP) are the two Incoterms that are the most heavily weighted toward either the buyer or the seller. Under the term EXW, the buyer is responsible for all aspects of the shipment, even packaging of the goods under some circumstances. On the other hand, DDP requires the seller to take responsibility for delivering the goods, and paying all fees, from the seller’s warehouse all the way to the buyer’s final destination. Additionally, unlike FOB or CFR, both of these terms may be used regardless of the mode of transport and may be applied […]
The rate of overtime pay in Japan varies by the type of overtime the employee is performing. For example, working in excess of statutory working hours will result in overtime pay of 125% of an employee’s salary, while hours worked late at night in excess of statutory working hours exceeding 60 hours in a month should be paid at 175% of an employee’s base hourly salary. In addition to these two types of overtime there are a variety of other situations that result in different pay scales being applied.
While Japan’s Design Law provides much of the same protection as other intellectual property laws around the world, it also has a few unique elements that provide protections not found in other countries. For example, since 2006, the Japanese Design Law also protects the design of screens for cell phones, DVD recorders and other electronics that are not normally subject to protection in other countries.
In order to determine inheritance tax in Japan, the location of the inherited asset plays an important role. Determining this location is relatively simple for some types of assets. For example, real property and personal property are located where they exist. However, for less tangible assets, like bank accounts, that can be accessed from around the world, the situation is more complicated.