Japan - 2011 Tax Reforms and FY 2012 Proposed Tax Reforms

Global Watch ()

On November 30, 2011, the Japan Diet approved the "Amendment to the 2011 Tax Reform Bill" and the "Special Measures to Secure the Financial Resources to Implement the Restoration from the Tohoku Earthquake Bill". Furthermore, on December 10, 2011, the Japan Tax Commission released their 2012 proposed tax reforms. The focus of this Global Watch is on the aforementioned bills which have been signed into law, and on the 2012 proposed income tax reforms and their impact on individual taxpayers in Japan.