COVID-19 Related Information
Amended cabinet order of the Special Grace Period was promulgated and administrative guidance relating to individual income tax was released
Cabinet order of the Spcial Grace Period/Administrative guidance for individual income tax
The national taxes to which the Special Grace Period Provision may be applied are almost all national taxes whose payment due dates are between 1 February 2020 and the ‘Specified Date’ which was stipulated by the cabinet order and the ‘Specified Date’ is amended (1 February 2021 after amendment).
And the administrative guidance relating to individual income tax covers the special measures about 'application of the donation deduction or special tax credits to a person who gives up a refund right to claim the admission fee due to the cancelation of cultural, art or sports events' and 'application of the special tax credits for housing loans', which were establised by the COVID-19 Special Tax Acts.
We have set out in this e-Tax News details of the amended cabinet order of the Special Grace Period and information about the administrative guidance relating to individual income tax.
- Special Grace Period Provision - Amendment to the ‘Specified Date’
- Release of Administrative Guidance relating to Income Tax
KPMG Japan e-Tax News No.202