Update of FAQs Relating to COVID-19
The NTA updated the FAQs relating to COVID-19 on 26 February and added/updated some FAQs regarding the timing of revenue recognition of subsidies, etc
Some FAQs regarding the timing of revenue recognition of subsidies, etc. were added/update
The FAQs (Japanese only) have been updated several times since the original release on 25 March 2020.
The update of the FAQs includes new FAQ ‘Q7. Timing of revenue recognition of subsidies, etc.' for corporation tax in the section '5 Tax Treatments relating to COVID-19’.
We have set out in this e-Tax News contents of the FAQs which were added on 26 February 2021, etc.
KPMG Japan e-Tax News No.222