KPMG Tax Corporation in Japan reports that under the 2012 tax reform a regulation imposes on employers a new reporting requirement concerning certain foreign stock-based compensation. This new requirement will be implemented for Form 9(3) to be submitted on or after January 1, 2013. Thus, the first submission should include stock-based compensation earned in 2012. With the Japanese authorities increasing their scrutiny of the reporting of stock-based compensation and the declaration of such compensation on individuals’ tax returns, compliance with the new reporting requirement is essential.