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COVID-19 Related Information

COVID-19 - Special Grace Period/Administrative Guidance

The amended cabinet order of the Special Grace Period was promulgated and administrative guidance about special measures relating to individual income tax was released.

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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.

Contents

  1. Special Grace Period Provision - Amendment to the ‘Specified Date’
  2. Release of Administrative Guidance relating to Income Tax

KPMG Japan e-Tax News No.202

e-Tax News

© 2020 KPMG AZSA LLC, a limited liability audit corporation incorporated under the Japanese Certified Public Accountants Law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. © 2020 KPMG Tax Corporation, a tax corporation incorporated under the Japanese CPTA Law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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