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  • Service: Tax, International Corporate Tax, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 1/30/2013

Japan - Outline of 2013 tax reform proposals 

January 30:   The ruling coalition (the Liberal Democratic Party and New Komeito) agreed on 24 January 2013 to an outline of the 2013 tax reform proposals.

The announcement was one month later than as was usual for prior years, due to the change in government.


The proposals are provided as an “outline,” and it is possible that changes could be made to these provisions during the legislative process. Final provisions of the tax reform measures for 2013 could differ from those set forth in the proposed outline.


Currently, some of the provisions proposed concern:


  • Corporation tax credits for salary growth, and for job creation
  • Special measures for promotion of investment in production facilities and “green investment” tax incentives
  • Tax credits for R&D
  • Special measures for small and medium-sized companies operating certain businesses
  • International taxation (including CFC rule changes, thin capitalization measures, etc.)
  • Taxation of financial transactions (including revision of the offsetting rules, discount bonds, tax exemption on interest, and reduced tax rates on dividends and capital gains from listed shares)

Read a January 2013 report [PDF 386 KB] prepared by the KPMG member firm in Japan: Outline of the 2013 tax reform proposals




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