Latvia: Parliament approves the treaty signed with Japan
The parliament of Latvia on 2 March 2017 approved the Japan-Latvia income tax treaty. The agreement was signed on 18 January 2017. According to the agreement, royalties will be exempt from withholding tax and would lower withholding tax on interest
See MoreIndia signs fifth bilateral advance pricing agreement with Japan
On 6 March 2017, India has signed a bilateral advance pricing agreement with the Indian subsidiary of a Japanese company, India's Central Board of Direct Taxes (CBDT) has announced. With this agreement, India and Japan have concluded five bilateral
See MoreJapan introduces CbC reporting notification requirements
Recently, Japan has introduced notification requirements related to Country-by-Country Reporting (CbCR) in line with the Organization for Economic Co-operation and Development (OECD) action plan on Base Erosion and Profit Shifting (BEPS)
See MoreJapan: Tax treatment of income from U.S. limited partnerships is treated as fiscally transparent entity
On 9 February 2017, Japan’s National Tax Agency (NTA) released a report on its website confirming that a US limited partnership (US LP) is treated as fiscally transparent for Japanese tax purposes when applying the US-Japan Income Tax Treaty. The
See MoreTIEA between Japan and Panama expected to be entered into force
On 12 March 2017, the Tax Information Exchange Agreement (TIEA) between Japan and Panama will enter into force. For criminal tax matters, the agreement generally applies from 12 March 2017 and for all other tax matters from 1 January 2013. This
See MoreJapan- Philippines: Social security agreement ratified
Social Security Agreement of 2015 between Japan and Philippines has been ratified by the Philippines' Senate on 7 February
See MoreJapan-Slovak Republic: Social security agreement signed
Japan and the Slovak Republic signed a social security agreement in Bratislava on 30 January
See MoreJapan: Published Frequently Asked Questions regarding transfer pricing documentation requirements
Japan’s National Tax Agency (NTA) has issued Frequently Asked Questions (FAQs) regarding transfer pricing (TP) documentation requirements in Japan. It addresses those questions that are likely to be of most interest to overseas headquartered
See MorePanama approves TIEA with Japan
On 23 January 2017, the National Assembly of Panama approved the Tax Information Exchange Agreement (TIEA) with Japan. Furthermore, On August 25, the Government of Japan and the Government of the Republic of Panama signed the Exchange of Information
See MoreJapan and Austria: Agreement in principle on tax arbitration
The Governments of Japan and Austria have agreed in principle to amend their double taxation avoidance agreement to further promote trade and investment between the two countries. The new agreement would enable arbitration under the mutual agreement
See MoreDTA between Japan and Latvia signed
The governments of Japan and Latvia signed their first tax treaty in Tokyo on 18 January 2017. The treaty will come into force when the two countries have ratified the provisions and notified each other of the completion of procedures. According to
See MoreDTA between Chile and Japan enters into force
The Income Tax Treaty (2016) between Chile and Japan entered into force on 28th December 2016. It generally applies from 28th December 2016 for tax matters regarding the exchange of information (article 26) and from 1st January 2017 for other tax
See MoreDTA between Chile and Japan approved
The Income Tax Agreement (2016) between Chile and Japan has been approved by the Chilean Senate on 14th December 2016 due to avoid double
See MoreThe 16th Round of RCEP Negotiations Held in Tangerang
On December 1-10, the 16th Round of Regional Comprehensive Economic Partnership (RCEP) Negotiation was held in Tangerang, Indonesia. Attending were 10 countries of ASEAN, China, Japan, South Korea, Australia, New Zealand, India and the Secretariat
See MoreJapan: Government outlined its 2017 tax reform plan
The government released its 2017 tax reform plan on 8 December 2016. A tax reform bill will be prepared based on the Outline. The Bill will be submitted to the Diet and is expected to be enacted by the end of March 2017. According to the plan, the
See MoreJapan: Amendments coming for CFC rules in 2017 tax reform
Japan's tax commission has announced on 8 December 2016, its intention to amend the tax rules regulating CFCs (controlled foreign corporations), which are also known as the Anti-Tax Haven Rules. According to the proposed 2017 tax reform, the
See MoreGuidance from Japan’s tax agency relating to tax agreement with Taiwan
Japan’s national tax agency on 30 November 2016 released guidance with respect to withholding taxes and forms for application of the mutual exemption provisions for income of foreign residents. The Guidance on an amendment to withholding taxes
See MoreIndia and Japan amends their Double Tax Agreement
On October 29 an update to India and Japan's double tax agreement entered into force. Further, the agreement has been modified to add internationally accepted standards for the exchange of information in tax matters. It provides that information
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