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Japan Tax & Legal Inbound podcast/webcast Series

"Dbriefs podcast/webcasts" offer video/audio content presenting Deloitte's extensive support in Japanese tax and legal matters for foreign multinational companies operating in Japan.

Deloitte Japan's Tax & Legal Inbound Client Services team provides a range of assistance in navigating Japanese tax and legal frameworks. Through our video/audio content on this page, we aim to explain the latest developments in Japanese tax and legal matters impacting companies engaged in business activities in Japan.

What’s the Dbriefs podcast/webcast?

Deloitte’s Dbriefs podcast/webcasts is a regular video/audio news podcast/webcast series that focuses on the latest tax and law news and developments that could affect your business.

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Webcast:2024 tax reform series-Introduction

Japan’s ministry of finance announced in mid-December 2023 proposals for the 2024 tax reform, which include a range of domestic and international measures.

In this episode of The Japan Perspective, which is the first in a series of episodes on the 2024 tax reform, Deloitte Japan’s tax professionals, Joanna Hazel and Brian Douglas, discuss the 2024 tax reform proposals that were announced by the government and break down the three main themes of the proposed reforms: bridging the gap between inflation and slow wage growth, encouraging companies to invest in Japan, and ensuring compliance.

Specific discussions include changes to the local enterprise tax (addressing issues related to large companies and subsidiaries), proposals around Japanese consumption tax (including platform taxation), and new proposed incentives for strategic goods production and IP-related endeavors.

Please register for Deloitte Japan’s upcoming 15 February 2024 webcast discussing the 2024 tax reform proposals in more depth to stay ahead of the tax reform curve.

The Japan Perspective is Deloitte Japan’s podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.
 

Webcast:2024 tax reform series-Introduction

Webcast: Key insights into the qualified invoice system

Japan has implemented a qualified invoice system (QIS) as from 1 October 2023, which imposes new documentation requirements on businesses operating in Japan. Failure to comply with the QIS rules may affect an entity’s ability to claim an input Japanese consumption tax (JCT) deduction.

In this episode of The Japan Perspective, host Joanna Hazel and guest Nicole Baxter, a senior manager in Deloitte Japan’s Indirect Tax group, discuss the effect of the QIS on businesses operating in Japan, providing valuable insights into the challenges faced by buyers and suppliers, and detailing the potential consequences of not holding valid qualified invoices under the new QIS rules. This episode also explores the range of preparation undertaken by affected businesses, from those with a full 12 months of review and planning, to others, particularly in the digital services sector, that are only now reviewing their supply chains.

The conversation then shifts to recent developments in online platform taxation in Japan. Nicole shares insights from a Ministry of Finance study group, which indicates that platform operators are likely to be responsible for collecting JCT on business-to-consumer sales of digital services made by foreign suppliers through online platforms. Other key points include deeming the platform operator as the seller and not imposing a sales threshold on the seller.

The podcast/webcast concludes with a brief update on changes to eligibility around claiming import JCT. Nicole explains a clarification issued in June 2023 as to the determination of the importer when there is no underlying import transaction and emphasizes the retroactive application of this clarification to open fiscal years.

The podcast/webcast offers valuable insights into these tax developments, ensuring businesses stay informed about the evolving Japanese indirect tax landscape.

The Japan Perspective is a webcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.

webcast: Key insights into the qualified invoice system

Are you ready for the new Electronic Record Retention Law?

Amendments to Japan’s Electronic Record Retention Law (ERRL) making the digital storage (to prescribed standards) of electronic transaction records compulsory as from 1 January 2024 have implications for all businesses operating in Japan.

In this episode of The Japan Perspective, David Bickle, partner in Deloitte Japan’s Business Tax Services team, discusses the updates to the ERRL and explains what the changes mean in practice. He emphasizes the importance of integrity and readability in stored data, and the risks of noncompliance. Taxpayers are advised to understand which documents fall within the ERRL definition of electronic transaction record and how these documents are stored in their current systems, to identify and remediate any gaps to ensure compliance before the deadline.

The Japan Perspective is a webcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.

Are you ready for the new Electronic Record Retention Law?

Inbound Tax & Legal The Japan Perspective

Episode : Pillar Two—Mechanisms and effect on inbound businesses

The OECD’s Pillar Two imposes a global minimum tax, and its recent implementation in Japan will impact large foreign multinational companies in Japan in different ways depending on their global structure. In this episode of The Japan Perspective, Deloitte Tokyo’s tax professionals Joanna Hazel and Brian Douglas discuss the various mechanisms of Pillar Two and their impact on Inbound businesses’ tax considerations, as well as how to prepare for the implementation of the Income Inclusion Rule. They also discuss how businesses with subsidiaries in Japan can approach any potential future implementation of the other mechanisms of Pillar Two.
The Japan Perspective is a webcast series committed to communicating the latest Japanese tax developments and the potential impact on foreign multinational companies operating in Japan.

Dbriefs podcast: https://www.deloitte.com/global/en/services/legal/perspectives/dbriefs-podcasts.html

Pillar Two—Mechanisms and effect on inbound businesses

Deloitte Tokyo’s tax professionals discuss the various mechanisms of Pillar Two and their impact on Inbound businesses’ tax considerations.

HR series: Company Provided Housing Scheme in Japan

December. 7th. 2021 

Company provided housing, if structured properly can provide tax benefits to employees. It is a popular employee benefit scheme that will help companies retain and attract the best talent in a competitive market. In following webcast, team will present the general conditions that should be met in structuring the company provided housing scheme and how Deloitte can help from a tax and legal perspective with the implementation of the plan or reviewing the existing programs.

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