PwC Financial Services Tax News
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- Impact on J-REIT taxation by amendent of Cabinet Order regarding investment scope of J-REITs and invetsment trusts[PDF 137KB]
On 3 September 2014, an amended Cabinet Order of the Law concerning Investment Trust and Investment Companies (“ITIC Law Cabinet Order”) was issued and, in conjunction, the Special Taxation Measures Law Enforcement Orders were also amended.
In particular, the revisions to the ITIC Law Cabinet Order allow investment trusts and J-REITs to invest in specified assets such as renewable energy facilities and concessions for public facilities. On the other hand, J-REITs must meet the “assets tests”, in order to claim deductibility of dividends, and where additional assets are not to be treated as qualified assets.
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