Japan’s 2018 Tax Reform Proposal
On December 14, 2017, the Japanese government issued the 2018 tax reform proposal (“Proposal”). It is expected that a tax reform bill incorporating the Proposal will be submitted at the next ordinary session of the Diet, scheduled to take place some time in late January, and passed in late March 2018.
In this alert we briefly touch on certain proposed changes that may be of interest to multinational companies with operations or interests in Japan. We will follow later with a more detailed discussion of these and other proposed changes set out in the Proposal, and the possible impact of such changes to taxpayers.