Japan National Tax Agency transfer pricing update - Introduction of transfer pricing survey to evaluate taxpayer efforts to manage transfer pricing

Tax Insights ()

Japan's National Tax Agency ("NTA") has recently initiated efforts to strengthen corporate governance of large corporations on tax matters. In particular, the NTA has emphasized compliance matters as reflected in the announcement and issuance of a transfer pricing survey, which has been prepared in the form of a "check" sheet to be completed by certain large corporate taxpayers.