Japan: Tax authorities publishes the synthesized text with Israel, New Zealand, Poland, Slovakia, Sweden and the UK

08 November, 2018

Recently, the Japanese tax authorities published the synthesized text of the Japanese tax treaties with Israel, New Zealand, Poland, Slovakia, Sweden and the United Kingdom (UK) as modified by the MLI. The synthesized text reflects the agreement

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IMF report considers the fiscal position of Japan

11 October, 2018

On 4 October 2018 the IMF released a report following the conclusion of talks with Japan under Article IV of the IMF’s articles of agreement. The IMF notes that Japan’s economy is growing above its potential but there are more downside risks

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Japan: Diet passes Bill on the Multilateral Instrument (MLI)

07 June, 2018

On May 18, 2018, the Japanese legislature passed the Bill on the Multilateral Instrument (MLI). This means that Japan has completed the national process of ratifying the MLI. The next step is for Japan to deposit its instrument of ratification,

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Japan: Parliament legislates tax reform plan for 2018

02 April, 2018

On 28 March 2018, The Diet (Japan’s parliament), enacted the tax reform plan for 2018. The tax law enforcement orders, which are regulations provided by the Government to supplement tax law, were also published in the Official Gazette on 31 March

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Japan: Cabinet approves tax reform plans for 2018

08 February, 2018

Japan's Cabinet has approved a tax reform plan for the next fiscal year and includes a move to cut the corporate tax rate to 25% for companies that raise their employees' wages by 3%. For companies investing in improving their productivity or

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Japan: DTA with Iceland signed

29 January, 2018

On 15 January 2018, the Japanese Ministry of Finance issued a press release announcing that the Government of Japan and the Government of the Republic of Iceland signed the Convention between Japan and Iceland for the Elimination of Double Taxation

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Japan issues tax reform plan for 2018

20 December, 2017

The ruling Liberal Democratic Party of Japan accepted a tax reform package on 14 December 2017. Based on the draft, a tax reform bill (The Bill) will be drafted. The bill will be submitted to Parliament and is expected to enter into force by the end

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Belgium approves DTA with Japan

23 October, 2017

On 19 October 2017, the Cabinet of Belgium approved the Double Taxation Agreement (DTA) with Japan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Once in force and effective, the new treaty

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Japan: DTA with Denmark signed

12 October, 2017

On 11 October 2017, the Japanese Ministry of Finance issued a press release announcing that the Government of Japan and the Government of the Kingdom of Denmark signed the Convention between Japan and the Kingdom of Denmark for the Elimination of

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Japan publishes guidance for taxpayers on the MAPs

30 September, 2017

Recently, the National Tax Agency of Japan has released a guidance on mutual agreement procedures (MAP) on their website. This guidance has been prepared based on the recommendation 2.1 indicated in the final report on Action 14 (Making Dispute

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Japan: DTA with Russia signed

12 September, 2017

The Japanese Ministry of Finance on 7 September 2017 issued a press release announcing that the Government of Japan and the Government of the Russian Federation have signed a Double Taxation Agreement (DTA). The agreement provides for the avoidance

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Japan: DTA with Estonia signed

07 September, 2017

The Japanese Ministry of Finance on 30 August 2017 issued a press release announcing that the Government of Japan and the Government of Estonia have signed a Double Taxation Agreement (DTA) in Tallinn. The agreement provides for the avoidance of

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DTA between Japan and Estonia approved by Estonia

26 August, 2017

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

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DTA between Japan and Slovenia will enter into Force

12 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 2017. The Treaty contains

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IMF report comments on economic position of Japan

11 August, 2017

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

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Japan: DTA with Slovenia will enter into force on 23 August 2017

27 July, 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

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Japan: amendments to CFC rules in 2017 tax reform

25 July, 2017

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

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Japan issues guidance concerning customs valuation opinion

20 July, 2017

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

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