deductions

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. 

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