The Government of Japan passed the 2017 tax reform key proposals on 27 March 2017. According to the bill, the following changes are taking place:
Tax treatment of board remuneration and old-age provision; Time of the deduction of costs for restricted shares and stock options; Extension of the due date for the submission of the definitive tax returns; Reorganization rules; Tax credits for research and development costs; Introduction of special measures for enterprises that run the regional economy; Tax credits for salary growth; Scale of small and medium-sized enterprises; And the tax reform legislation also includes measures regarding an “anti-tax port” or controlled foreign company (CFC) regime.
