The Japanese government has announced an economic stimulus package that includes a statement that “special reconstruction corporation tax (i.e., a 10% additional tax imposed on corporation tax liability) would be repealed a year earlier than originally scheduled” which reported on 9 December 2013.
Although overall the planned initial reverse of the special reform corporation tax have not been announced, the expectancy is that the appropriate timing during for special reform of corporation tax would be implemented shortly and it would be effectively reduce.
