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2016 Japanese Tax Reform Proposal - Approved
Japan:Inbound Tax Alert December 2015 – News Flash
On 10 December 2015, proposals for the 2016 tax reform (excluding those related to multiple consumption tax rates) were approved by the tax commissions of the Liberal Democratic Party and the New Komeito Party.These proposals have not been formally released yet, but are posted on the website of the Nikkei Shimbun newspaper website. (Japan:Inbound Tax Alert December 2015 – News Flash)
On 10 December 2015, proposals for the 2016 tax reform (excluding those related to multiple consumption tax rates) were approved by the tax commissions of the Liberal Democratic Party and the New Komeito Party. These proposals have not been formally released yet, but are posted on the website of the Nikkei Shimbun newspaper website. (Japanese / PDF)
This alert highlights a short list of significant proposals that may affect foreign based companies doing business in Japan. It should be emphasized that these proposals have not been enacted yet and could change prior to becoming law. Deloitte will provide further details in a subsequent tax alert once the proposals are formally released.
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