Moldova, Japan discuss investment, tax treaty
Moldova's Ministry of Foreign Affairs announced that officials from Japan and Moldova met on 12 November 2024, to explore investment opportunities and discuss Moldova's interest in concluding negotiations for an income tax treaty. If an agreement
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Japan, Greece tax treaty enters into force
Japan's Ministry of Finance has confirmed that the income tax treaty with Greece will take effect on 5 December 2024. The exchange of diplomatic notes between Japan and Greece for the entry into force of the “Convention between Japan and the
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Armenia, Japan agree to sign tax treaty
Japan and Armenia have agreed in principle on the new income tax treaty between the two countries. The announcement was made in a press release by Japan’s Ministry of Foreign Affairs on 16 October 2024. This follows after Japan announced that
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Japan, Armenia to negotiate new tax treaty
The Japanese Ministry of Foreign Affairs announced yesterday that tax treaty negotiations between Japan and Armenia are set to begin on 9 October 2024. The two nations will initiate negotiations for the new convention replacing the current tax
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Japan, UAE initiates negotiations for CEPA
Japan’s Ministry of Foreign Affairs announced that it has launched negotiations with Japan for a comprehensive economic partnership agreement (CEPA) on 18 September 2024. “I hope that concluding an ambitious, balanced, and comprehensive EPA
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Greece ratifies tax treaty with Japan
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
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Japan updates FAQs on global minimum tax regulations
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,
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Japan proposes tax reform to ease foreign tax credit rules
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
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Japan publishes guidance on consumption tax rules for online platforms
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
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Bahamas issues MAP guidance with Japan
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,
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Ukraine ratifies new income tax treaty with Japan
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
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Japan, Kyrgyzstan considers negotiating tax treaty
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
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Ukraine: Parliament ratifies income tax treaty with Japan
The Ukraine parliament has approved the ratification of the pending income tax treaty with Japan on 5 June, 2024. It will come into effect 30 days after the exchange of ratification instruments, with application commencing from 1 January of the
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Japan updates CRS FAQs
Japan's National Tax Agency updated its FAQs on the common reporting standard (CRS) for automatic exchange of financial account information concerning non-residents on 9 April 2024. The revised FAQ includes new guidance on reporting requirements
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Japan clarifies global minimum tax rules with new guidance
Japan's National Tax Agency has released an explanation of its administrative guidance related to the Income Inclusion Rule (J-IIR), part of the country's 2023 tax reform measures to implement Pillar Two global minimum tax. The J-IIR ensures
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Japan: Parliament approves comprehensive tax reform package 2024
On 28 March 2024, Japan's National parliament (Diet) approved the 2024 tax reform legislation. The legislation includes several significant measures aimed at economic stimulation and fiscal adjustment. The reform package encompasses multiple tax
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Japan: Platform operators are required to remit consumption tax for foreign e-service providers
On 2 February 2024, Japan's Cabinet presented tax reform bills for the year 2024 to the National Diet. Among the proposed changes is the taxation of platform operators, wherein specific operators would be subject to Japanese consumption tax (JCT) as
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Japan submits tax reform bill 2024 to parliament
On 2 February 2024, the Japanese Cabinet submitted the tax reform bill 2024 to parliament. The bill covers various tax measures. Key measures of the bill include: Driving Domestic Growth: The introduction of new tax credit incentives is
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