This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Horizons April - Japan

GES Newsflash Japan 2010 Tax Reform

Horizons

 

Background

The proposed tax reform unveiled by the Japanese Tax Commission included a number of proposals which, if implemented, would affect individual taxpayers in Japan.

Key findings

The proposed tax reform unveiled by the Japanese Tax Commission included a number of proposals which, if implemented, would affect individual taxpayers in Japan.

In light of the introduction of a ‘child allowance’ and free tuition for high school pupils, the deduction taken against a taxpayer’s income for dependants will be abolished, impacting employers of tax equalized assignees who do not benefit from the free tuition.

The tax reform includes a proposal that matching contributions made by employees to a defined contribution plan will be deductible in full. However, this will not change the tax treatment of employee contributions to foreign pension plans which will remain non-deductible for Japan tax purposes.

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options
Follow:

Get in touch

More on Deloitte