corporate tax

2016 Tax reform round-up

In its drive to stimulate the Japanese economy, the Abe government has introduced various fiscal measures for 2016, most notably the accelerated decrease in corporate tax rates and the introduction of a diversified consumption tax. The upcoming VAT increase to 10% in 2017, is likely to be combined with keeping a lower VAT rate at present 8% for sales of food and drink. Below a round-up of the most important measures for the coming fiscal year. 

Update taxation plans for 2016

The on-going discussions in the ruling LDP Tax System Research Council are yielding new fiscal reforms for the coming year.  Most conspicuous is the proposal to accelerate the decrease of corporate taxation rate to below 30% next year at 29.97%.  It had been expected that the effective corporate taxation rate would reach the 20% range in 2017. Nikkei Online (J) reports on November 30th on a number of other measures, which are likely to be implemented from April next year. 

Subscribe to RSS - corporate tax