Japan Tax Reform

Japan Tax & Legal Inbound Newsletter／2024 Japan Tax Reform

• 2024 Japan Tax Reform Proposals
  (December 2023, No. 86 – Digest *PDF)

Dbriefs on-demand webcasts／2024 Japan Tax Reform

Date/Time: Thursday, February 15, 2024 / 3:00pm (Japan Time)

Duration: 60 minutes

■Overview
In response to global shifts triggered by the pandemic and geopolitical tensions, Japan recognizes the need for bold economic changes. The impact of inflation, the imperative to domestically produce certain goods that are strategic to future economic prosperity and promote IP, and the curtailing of tax abuses are key challenges addressed by the 2024 tax reform. Also, with Japan’s Income Inclusion Rule (part of BEPS’s Global Minimum Tax regime, i.e., Pillar 2) coming into effect in April 2024, Japan continues to modify its tax law to be in line with international standards and is considering to introduce the Qualified Domestic Minimum Top-up Tax in next year’s tax reform. We’ll discuss:

• Revisions giving consumers greater purchasing power by lowering their tax burden and incentivizing companies to increase wages.
• Creation of tax incentives aimed at promoting the production of strategic goods and encouraging IP to be developed in Japan.
• Status of Japan’s implementation of Pillar 1 and Pillar 2.
• A fundamental change in how JCT is collected for non-residents selling via online platform operators.
• Changes to the local Enterprise tax regime and impact on effective tax rate.

Register from here

Japan Tax & Legal Inbound Newsletter／2023 Japan Tax Reform

• 2023 Japan Tax Reform Proposals
  (December 2022, No. 82 – Digest *PDF)

Japan Tax & Legal Inbound Newsletter／2022 Japan Tax Reform

• 2022 Japan Tax Reform Proposals
  (December 2021, No. 73 – Digest *PDF)

Japan Tax & Legal Inbound Newsletter／2021 Japan Tax Reform

• 2021 Tax Reform Proposals - Announced
  (December 2020, No.64)
• 2021 Japan Tax Reform Proposal
  (December 2020, No. 63 – News Flash *PDF)

Japan Tax & Legal Inbound Newsletter／2020 Japan Tax Reform

•  Anti-dividend stripping rules under 2020 tax reform
  (April 2020)
• 2020 Japan Tax Reform Proposal
  (December, 2019- News Flash *PDF)

*The above articles are prepared in accordance with the laws and regulations applicable in Japan or other countries as of the date of publication. Please note that laws and regulations may change after the publication date, but the article will not be updated accordingly.

Related links

• Ministry of Finance, JAPAN
• NATIONAL TAX AGENCY
  

Related Services

• Japan Tax & Legal Inbound Newsletter