By virtue of the 2020 tax reform, the Consolidated Tax Return Filing System will be revised fundamentally to the new so-called Japanese Group Relief System.
We have set out the KPMG Japan Tax Newsletter featuring the main points of the revision to the Consolidated Tax Return Filing System (Shift to the Japanese Group Relief System) included in the Proposal.
Background of the Proposal
Main Points of the Proposal
© 2021 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. © 2021 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://home.kpmg/governance.