Japan’s New Tax Laws May Affect Your Business in Japan
In December 2015, the Liberal Democratic Party and the New Komeito Party released the 2016 tax reform proposals for Japan. These are currently being debated in the Japanese Diet and are expected to be passed into law with effect from 1 April 2016.
According to the proposals, the Japanese government intends to further promote growth-oriented corporate tax reform by reducing the effective corporate income tax rate to below 30%.
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Article by David Bickle, Partner at Deloitte Tohmatsu Tax Co., March 2016.