PwC Japan Tax Update
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- Consumption Tax Amendment Update [PDF 229KB]
On August 10, 2012 the "Tax Hike Bill" related to social security reforms was approved in the upper house of the Japanese Diet. Related regulations were issued on March 13 and March 18, 2013. This Japan Tax Update provides a summary of the regulations and a review of the current items under discussion.
- Significant update on tax audit procedures
This issue highlights the revision of the Act on General Rules for National Taxes (clarification of audit procedures) and its impact on corporate tax audits commencing from January 1, 2013.
- 2013 Tax Reform Proposal
The 2013 tax reform proposal submitted by the Cabinet Office's Tax Commission, known as Taiko, (“2013 Tax Reform Proposal”) was released on January 29, 2013 upon approval by the Cabinet. The proposed tax law changes will be submitted to the Diet during February 2013 for consideration.
- A New Protocol to the US-Japan Tax Treaty [PDF 143KB]
This Japan Tax Update provides a summary of a new protocol to the income tax treaty between the United States and Japan, which was signed by Treasury Deputy Secretary Neal S. Wolin and Japan's Ambassador to the United States Kenichiro Sasae on January 24, US time (January 25, Japan time).
- Updates on the status of Tax Treaties/Agreements [PDF 137KB]
This Japan Tax Update provides a summary of the tax treaties and agreements that entered into force or were signed by Japan since January 1, 2012.