Japan: For 2013 tax reformĀ proposals

27 February, 2013

The Tax Commission of Japan has submitted 2013 tax reform proposal on January 29, 2013 upon approval by the Cabinet. The suggested reform will be submitted to the Diet during February 2013 for consideration. The proposed main changes are summarized

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Treaty between China (People’s Rep.) and Japan applies to new Japanese taxes

03 January, 2013

The State Administration of Taxation (SAT) stated in Gong Gao No.49, that, Chinese and Japanese tax authorities have agreed after consultation that the taxes to which the China (People's Rep.) - Japan Income Tax Treaty applies include the Special

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New Income Tax Treaty between New Zealand and Japan

17 December, 2012

New Zealand and Japan have recently signed an Income Tax Treaty which will replace the existing Japan-New Zealand Income Tax Treaty that was concluded in 1963. The updated agreement will come into force once both countries have completed

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Measures on Business Centers passed

17 December, 2012

The Bill on Measures for Asian Business Centers was passed by the Diet on 27 July 2012. This measure is intended to encourage global companies to establish their R&D centers and Asian headquarters in Japan.Ā  The legislation grants incentives

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Liechtenstein and Japan Sign TIEA

10 July, 2012

It was reported on 10 July 2012 that Liechtensteinā€™s Prime Minister and Japanā€™s ambassador have recently signed in Vaduz a bilateral tax information exchange agreement (TIEA) in accordance with the Organization for Economic Cooperation and

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New Zealand and Japan have agreed to update their existing bilateral DTA

03 July, 2012

New Zealand and Japan have agreed in principle to update their existing bilateral double taxation agreement (DTA), the New Zealand government announced on June 29,

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Japan’s Government and Opposition Agree Tax Deal

19 June, 2012

It was reported on 19 June 2012 that the Japanese Prime Minister has been successful in reaching a deal with opposition parties, and, in particular, the Liberal Democratic Party (LDP), on his plan for future hikes to the countryā€™s consumption tax

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Amendment to DTA between India and Japan enters into force

30 May, 2012

On May 24, 2012, the Indian government published a notification announcing the entry into force of an amendment to the DTA between India and Japan. The revised provisions became effective on April 1,

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Hong Kong-Japan DTA Comes Into Effect

06 April, 2012

It was reported on 6 April 2012 that the governments of Japan and Hong Kong have exchanged notes and the double taxation agreement (DTA) between the two countries entered into force on April 1, 2012. Hong Kong signed the DTA with Japan on November

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Japan’s Government Agrees Plan for Consumption Tax Hikes

02 January, 2012

It was reported on 2 January 2012 that Japanā€™s Prime Minister has been able to fulfill his governmentā€™s target to produce a detailed plan for future consumption tax rises, but only after his personal intervention at a meeting of the ruling

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Japan: Raise of consumption tax rate

31 December, 2011

It was published on 31 December 2011 that, the Japanese coalition government has put forward long awaited plans to raise Japanese consumption tax to 10% by April 2015 in two steps. First there will be an increase from the current 5% consumption tax

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2012 Budget issued by the Japanese government

28 December, 2011

The Government of Japan has approved and submitted a JPY90.3 trillion budget for the next fiscal year, beginning on April 1, 2012. The proposed budget will be presented to the countryā€™s parliament early in 2012. The Japanese government has

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TIEA Signed between Japan and Jersey

07 December, 2011

On December 2, 2011, a tax information exchange agreement (TIEA) between Japan and Jersey was signed, in London by the Ambassador of Japan to the United Kingdom, and Jerseyā€™s Chief Minister. The TIEA will enter into force on the 30th day after the

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TIEA Enters Into Force between Japan and Cayman Islands

20 October, 2011

The comprehensive tax information exchange agreement (TIEA) between Japan and the Cayman Islands will come into force on November 13, 2011. The TIEA was originally signed on February 7 this year. The agreement includes an agreed allocation of

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