The outline of Japan's 2020 tax reform was announced in December 2019, with the proposed changes being effective from as early as 2020. We will discuss the intent, provide an overview, as well as comment on the impact of the changes of the recently announced 2020 Japan tax reform outline in this webcast.
*A replay of this webcast is no longer available.
Program
We will provide insight on the following key areas of the 2020 tax reform outline:
- Corporate income tax updates on R&D tax credits, open innovation incentive, 5G technology tax incentives, tax credits for compensation increases, tax consolidation, reorganization tax rules, scope of small and medium- sized enterprises, etc.
- International taxation updates including on revised transfer pricing and earnings stripping rules
- Updates on the tax controversy environment and tax avoidance rules
- Housing loan tax credits, denial of overseas rental loss from accelerated used asset depreciation, overseas asset reporting