Japan: Outline for 2022 tax reform proposals
Tax proposals in the 2022 tax reform outline
Tax proposals in the 2022 tax reform outline
The ruling governing coalition on 10 December 2021 agreed to an outline for tax reform proposals for 2022.
The outline is only indicative of the agreement, and the details of certain contemplated changes are not certain. More information will be provided when the bills to revise the tax laws are introduced.
The tax proposals in the tax reform outline include:
- Corporate tax
- Tax credits for acceleration of substantial salary increases
- Limitation on eligible companies for special tax measures
- Japanese group tax relief
- International tax
- Special provision for the reduction of book value of shares in subsidiaries
- Earnings stripping rules
- Tax administration
- Electronic preservation system for account books, etc.
- Reporting requirement for assets / liabilities and overseas assets
Read a December 2021 report [PDF 359 KB] prepared by the KPMG member firm in Japan
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