Posts Tagged ‘2010 tax reform’

Introduction to Japanese tax groups – definitions

September 7, 2010  |  Group Taxation  |  No Comments

A mask used in Japanese Noh theater

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

Japan 2010 tax reform – deferral of tax on intra group transactions

June 22, 2010  |  basics, Business combinations  |  No Comments

Pine trees are typically planted at the gate to large shrines.

This post outlines the rules introduced in the Japanese 2010 tax reform that allow sales of certain assets to be made between defined Japanese entities within a group of wholly owned companies without immediately recognizing taxable gain or loss.  This system is referred to in Japanese as the グループ内取引等に関する税制・guruupu nai torihiki tou ni kansuru zeisei, translated below as the ‘Intra Group Transactions Tax System’ abbreviated as IGTS.  The system should apply to transactions from 1 October 2010 onwards but professional advice from qualified Japanese tax professionals must be taken to confirm how the system can be applied. Read More

2010 Tax Reform and Japan CFCs

March 24, 2010  |  Japanese CFC  |  No Comments

Japanese 2010 tax reform and Japanese CFC taxation.

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