Japan: Revised guidelines for GloBE information return, guidance on transfer pricing consequences of other jurisdictions application of Amount B

Guidance released on June 30, 2025

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July 7, 2025

The National Tax Agency (NTA) on June 30, 2025, released revised guidelines for preparation of the global anti-base erosion (GloBE) information return (GIR) of specified multinational enterprise (MNE) groups under the Pillar Two rules.

The NTA on the same day also released guidance related to the potential transfer pricing consequences in Japan of other jurisdictions’ application of the simplified and streamlined approach under Pillar One Amount B.

Read a July 2025 report prepared by the KPMG member firm in Japan

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