New Tax Measures for COVID-19
New Tax Measures for COVID-19
The laws which form the basis for new tax measures introduced by the ’Emergency Economic Measures for Covid-19’ were promulgated on 30 April 2020.
This newsletter sets out an overview of new tax measures for companies introduced by the ‘Emergency Economic Measures for Covid-19’ based on the above laws, the relevant cabinet orders, ministerial ordinances and related administrative guidance released by the National Tax Agency.
Contents
- Grace Period for Tax Payment
- Tax Refund by Tax Loss Carryback for Blue-Form Taxpayers
- Special Provision for Change in Consumption Taxpayer Election and Lifting of Limitation on Exemption from Tax Liabilities
- Tax Measures for Investment in Telework Equipment by Small and Medium-sized Companies, etc.
- Special Measure to Reduce Fixed Assets Tax, etc. for Depreciable Assets and Buildings used by Small and Medium-sized Business, etc.
- Extension and Expansion of Special Measures for Fixed Assets Tax with the aim of Achieving a Productivity Revolution
Japanese text
Japan TAX Newsletter
© 2024 KPMG AZSA LLC, a limited liability audit corporation incorporated under the Japanese Certified Public Accountants Law and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. © 2024 KPMG Tax Corporation, a tax corporation incorporated under the Japanese CPTA Law and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.