Japan purpose of payment guide
The purpose of payment code is a code that indicates the reason for a wire transaction, such as trade in goods or services, investment, or other services.
It’s important to ensure that the purpose of payment code is accurate and appropriate for the transaction. Incorrect or inappropriate codes can result in delays or even rejection of the transfer.
Code | Description |
|---|---|
0 | Trade of goods, intermediary trade |
1000 | Travel cost |
2000 | Freight expenses |
3000 | Insurance |
4000 | Other services: Process or repair cost, correspondence expenses, construction cost, software development fees, information expenses, intellectual property fees, operational lease cost, advertising cost, legal or accounting fees, research development, culture or educational services, entertainment, office management cost, government services, etc. |
4900 | Netting Offset of the account from the creditor's debt and loan |
5000 | Compensation, earnings, compensation paid/received by residents, earnings by branches, dividend, interest, other earnings, etc. |
6000 | Donation, tax, contributions, living expense, immigration, inheritance, devise etc. |
7000 | Non-financial asset, sale/purchase of industrial property rights/copyright |
8000 | Foreign investment, foreign investment in subsidiaries/affiliates, securities investment, other investment |
9000 | Inward investment, inward investment in subsidiaries/affiliates, securities investment, other investment |
9900 | Derivatives |
1111 | Others |