The Japanese tax authority has updated the FAQs regarding the country’s global minimum tax regulations, known as the income inclusion rule (IIR), on 13 September 2024.
This update introduces two new FAQs about the QDMTT Safe Harbour requirements, which were implemented in Japan in March of this year.
Related Posts
The Greek parliament approved the ratification of the income tax treaty with Japan on 18 September 2024. Signed on 1 November 2023, it is the first of its kind between the two nations. It will enter into force 30 days after the exchange of
Read More The Japanese Financial Services Agency (FSA) has presented a tax reform proposal to the Ministry of Finance, which includes relaxing the rules for foreign tax credits in Japan. The proposal explains that Japan typically uses the credit method to
Read More Japan's National Tax Agency (NTA) has issued new rules for the collection of consumption tax by online platform operators, which will apply from 1 April 2025. Businesses who provide electronic services such as application distribution for the
Read More
The Bahamas Ministry of Finance has released guidance on Mutual Agreement Procedures (MAP) with Japan as per the tax information exchange agreement between the two nations. The guidance details the scope of MAP, eligibility for requesting MAP,
Read More
Ukraine published Law No. 3774-IX, ratifying a new income tax treaty with Japan regarding the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance. Signed on 19 February, 2024; the treaty
Read More
As per a statement from the Ministry of Economy and Commerce of Kyrgyzstan, representatives from Japan and Kyrgyzstan met on 5 June, 2024, to discuss enhancing bilateral collaborations, which includes talks regarding an income tax
Read More
