Japan: Updated guidance on income inclusion rule
Income inclusion rule was amended in 2024 tax reform
The National Tax Agency (NTA) on January 28, 2025, released the third version of “questions and answers” (Q&As) providing guidance regarding the Japanese income inclusion rule (J-IIR).
The Japanese IIR was implemented in the 2023 tax reform and amended in the 2024 tax reform.
Read a January 2025 report prepared by the KPMG member firm in Japan