An objective of Japan’s 2010 tax reform program has been the extension of the network of tax treaties that allow Japan to exchange taxpayer information with tax authorities in other jurisdictions. Such extension should be of help in allowing Japan to more effectively pursue international tax evasion.
This article outlines how individuals are taxed on dividend income for Japanese tax purposes.
As so often seems the case with Japanese individual taxation, what would be expected to be a simple tax matter is made overly complicated by a range of expiring tax benefits (that are often revised or extended) Read More
On August 25th 2010 the new Japan Netherlands tax treaty (below the ‘Treaty’) was signed between Mr. Koichi Takemasa, State Secretary for Foreign Affairs of Japan and His Excellency Dr. Philip De Heer, Ambassador Extraordinary and Plenipotentiary of the Kingdom of the Netherlands to Japan. Read More
Recent years have seen a significant expansion in the types of trusts, partnerships and corporations that can be formed in Japan.
Understanding which entities are pass-through for tax purposes, which entities are taxed as corporations Read More
A common transaction in a group reorganization is the contribution by a company of assets other than monetary assets in exchange for shares in another company. Such a transaction would typically occur in an incorporation transaction or perhaps in the process of consolidating subsidiaries under a single parent company. Read More
Japan has seen many changes in its approach to taxing corporate groups in recent years with the introduction of consolidated taxation, group-reorganization rules and in 2010 rules allowing deferral of taxation on certain intra-group transactions.
The Japanese corporate law has also seen significant reform in this period, Read More
One seemingly trivial issue which can have great practical importance is obtaining proof that a Japanese company has paid its corporation tax liability.
Evidence of such tax payment is often critical for foreign tax credit purposes or for due diligence purposes. Below is an outline of the Japanese tax payment process with examples in English Read More