New tax measures for Sharia-compliant financing structures
On 16 November 2011, it was announced that the amendments to the Asset Liquidation Act and related Japanese tax laws will be enforced on 24 November.
On 16 November 2011, it was announced that the amendments to the Asset Liquidation Act ...
Article Posted date 18 November 2011
As a result of the amendments, quasi-bond beneficial interests of Special Purpose Trusts (SPTs) have been structured as Islamic bonds (Sukuk) so that Islamic investors, who are prohibited from receiving interest, can make investments into them, and preferential tax measures in relation to quasi-bond beneficial interests have been introduced.
- Structure using quasi-bond beneficial interests of SPTs
- Tax treatment for Islamic investors
- Tax treatment for SPTs
- Other related amendments
Japan TAX Newsletter
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