PwC Japan Tax Update 2009

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December, Issue 48 Dutch Japan Tax Treaty [PDF 24KB]
On 18 December 2009 the Japanese Minister of Finance and the Dutch State Secretary of Finance announced that they have reached in principle agreement on an amended tax treaty as a successor to the existing treaty between Japan and the Netherlands that was signed in 1970.
Issue 46
Outline of 2009 Tax Reform [PDF 168KB]
The amended tax law was promulgated on March 31, 2009. This issue exclusively deals with the outline of the 2009 Tax Reform.
  • International taxation
  • Tax incentives for small-medium sized companies
  • The tax system on finance
  • Land taxation
  • Special credit for acquisition of houses, etc.
  • Other corporate taxation
  • Inheritance tax
Issue 45
First Taxpayer Success in Japanese Transfer Pricing Litigation [PDF 32KB]
This month’s edition of Japan Tax Update provides an overview of a decision of the Tokyo High Court given on October 30, 2008. This court case is significant in that it represents the first time a taxpayer has been successful in litigation involving the Japanese transfer pricing legislation.
Issue 44
Introduction of Special Local Corporate Tax [PDF 33KB]
The 2008 Tax Reform introduced the Special Local Corporate Tax as an interim measure to rectify the uneven distribution of local tax revenue and help balance the local government finance. This tax is a new national tax introduced as temporary measure until the final changes are made to the Japanese Tax System along with consumption tax and corporate income tax.