Japan 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 MoreLatvia: 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
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