DTA between Japan and Estonia approved by Estonia
The Estonian government approved the agreement between Estonia and Japan on 24 August 2017, to avoid double taxation and handed over the power to the finance minister to sign the agreement on behalf of Estonia. In addition, the government also
See MoreDTA between Japan and Slovenia will enter into Force
The Japanese Ministry of Finance on 26 July 2017 issued a press release announcing that the double taxation agreement (DTA) between Japan and Slovenia, signed on 10 September 2016, will enter into force on 23 August 2017. The Treaty contains
See MoreIMF report comments on economic position of Japan
The IMF issued a report on Japan’s economic position on 31 July 2017 following the conclusion of discussions under Article IV of the IMF’s articles of association. The report notes that Japan’s economy is growing above potential with positive
See MoreJapan: DTA with Slovenia will enter into force on 23 August 2017
The Japanese Ministry of Finance on 26 July 2017 issued a press release announcing that the double taxation agreement (DTA) between Japan and Slovenia, signed on 10 September 2016, will enter into force on 23 August
See MoreJapan: amendments to CFC rules in 2017 tax reform
The 2017 tax reform bills were passed by the 193rd ordinary session of the Japanese National Diet on 27 March 2017. Accordingly, the Japanese regulations on controlled foreign companies (CFC) have been fundamentally revised, taking into account the
See MoreJapan issues guidance concerning customs valuation opinion
Japan’s customs bureau has recently issued guidance “customs valuation opinion” concerning how retroactive transfer price adjustments are to be addressed from a customs valuation perspective. The customs agency will consider adjustments as
See MoreJapan: DTA with Lithuania signed
The Japanese Ministry of Finance on 14 July 2017 issued a press release announcing that the Government of Japan and the Government of the Republic of Lithuania have signed a Double Taxation Agreement (DTA). The agreement provides for the avoidance
See MoreJapan: DTA with Latvia entered into force
The Japanese Ministry of Finance issued a press release on 5 July 2017, announcing that the exchange of diplomatic notes between the Government of Japan and the Government of the Republic of Latvia for entry into force of the Convention between
See MoreEU and Japan reach agreement in principle on trade deal
An agreement in principle has been reached on a free trade deal between the European Union (EU) and Japan. The deal includes sizable tariff cuts, co-operation on standards and regulations and opening up of public procurement markets. The EU and
See MoreJapan signs the Multilateral Convention to implement tax treaty related BEPS measures
The Minister of State for Foreign Affairs, on 7 June 2017 in Paris on behalf of Japan, signed the Multilateral Agreement on the Implementation of Taxation Related Measures to Avoid Basic Erosion and Profit Shift. The Ministry of Foreign Affairs of
See MoreJapan and Iceland agree on a DTA
On 29 May 2017, the Japanese Ministry of Finance announced that the Government of Japan and the Government of Iceland have agreed in principle on the tax convention between Japan and Iceland. This new agreement will be signed after the necessary
See MoreNegotiations for DTA between Japan and Iceland
The Government of Japan and the Government of the Republic of Iceland will initiate negotiations for a tax convention between the two countries. The first round of negotiations will take place on May 17 in Tokyo. Further details of this treaty will
See MoreJapan and Estonia have agreed on a DTA
On May 15, 2017, the Japanese Ministry of Finance announced that the Government of Japan and the Government of the Republic of Estonia have agreed in principle on the tax convention between Japan and the Republic of Estonia. This new agreement will
See MoreJapan and Denmark have agreed on a new DTA
On May 15, 2017, the Japanese Ministry of Finance announced that the two countries (Japan and Denmark) have agreed in principle on the new Convention replacing the convention between Japan and the Kingdom of Denmark for the avoidance of double
See MoreJapan and Russia have agreed on a new DTA
On 28 April 2017, Japan’s Ministry of Finance has announced that the two countries have agreed in principle to a new tax convention to replace the existing tax treaty between Japan and the Union of Soviet Socialist Republics, which entered into
See MoreNegotiations to update DTA between Japan and Spain
Japan’s Ministry of Finance announced on 24 April 2017, that the governments of Japan and Spain will begin negotiations to amend their existing tax treaty (1974) for the Avoidance of Double Taxation with respect to Taxes on Income. The first
See MoreRussia: Negotiations to update DTA with Japan
Russian and Japanese government agents met in Tokyo to begin negotiations on updating their double tax agreement on 27 March 2017. The announcement which notified the beginning of talks with the Japanese Ministry of Finance did not set out what
See MoreJapan approves the tax reform plan for 2017
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
See More