Japan: Explanation of guidance on income inclusion rule, associated forms and schedules
National Tax Agency explanation of guidance relating to the income inclusion rule
National Tax Agency explanation of guidance relating to the income inclusion rule
The National Tax Agency on 26 April 2024 released an explanation of its guidance relating to the income inclusion rule (IIR), which was introduced as part of the 2023 tax reform measures to implement the Pillar Two global minimum tax and will apply to Japanese companies for fiscal years beginning on or after 1 April 2024. Read TaxNewsFlash
Read an April 2024 report prepared by the KPMG member firm in Japan
The tax return forms and supplemental schedules (including explanatory guidelines) for the IIR were also published in the official gazette on 12 April 2024.
Read an April 2024 report prepared by the KPMG member firm in Japan
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