FSA - Inquiry Document on Japanese ESR
On 24 June, the FSA released the inquiry document containing the results of the inquiry to the NTA about the tax treatments of the Japanese ESR.
Financial Services Agency - Inquiry Document on Japanese Earnings Stripping Regime
On 24 June 2025, the Financial Services Agency (hereinafter ‘FSA’) released the inquiry document containing the results of the inquiry to the National Tax Agency (hereinafter ‘NTA’) about the tax treatments of the Japanese Earnings Stripping Regime (hereinafter ‘J-ESR’) on the FSA’s website (Japanese only), after confirming the purpose and objectives of the J-ESR with the Ministry of Finance.
The inquiry document summarizes the meaning of ‘payments economically equivalent to interest’ included in the ‘interest payments’, which are the basis for calculating the ‘covered interest payments’ subject to the J-ESR and in response to the inquiry to the NTA, the FSA’s view on this inquiry document was confirmed as being acceptable by the NTA.
We have set out in this e-Tax News outline of the inquiry document.
Japanese Text
KPMG Japan e-Tax News No.332
If you Wish to receive the latest tax information through newsletter/mail magazines issued by KPMG in Japan, Please subscribe here. By signing up, you will receive the following news timely: 1. Japan Tax Newsletters Newsletters on the latest Japanese taxation developments, such as outlines of the annual tax reform. 2. e-Tax News e-Tax News including short summaries of the latest Japanese taxation developments. |
Connect with us
- Find office locations kpmg.findOfficeLocations
- kpmg.emailUs
- Social media @ KPMG kpmg.socialMedia
