The future Japan tax function
Japan Inbound Tax & Legal Newsletter July 2019, No. 40
The future of tax is a topic that has been attracting a lot of attention. Against a backdrop of unprecedented regulation and compliance obligations, tax functions face increased risks and are under mounting pressure to deliver increased value to the business. Addressing how work is performed is a particular concern in Japan due to labor reforms and the declining population.
Deloitte Japan conducted a survey between March and May 2019 to understand how tax functions in Japan are responding to various changes in the way companies operate and the growing pressure for tax functions to transform in the future. The survey participants included a split of inbound and Japanese companies. Change is indeed expected. The survey findings present a number of opportunities that businesses anticipate in an increasingly digital world; however, the findings also bring to light a number of challenges in adapting tax functions to the future environment. A summary of selected findings is available in the report in addition to some practical suggestions.
This newsletter explains the following topics;
* This Article is based on the relevant Japanese or specific country’s tax law and other authorities in effect on the date of this Article. This Article would not be guaranteed updating if there are any changes in Japanese tax law, any other law, or interpretations by the courts or tax authorities thereof after the date of this Article.