Japan’s national tax agency announced extensions of payment due dates for individual taxpayers who use an automatic bank transfer, with further extensions to May 2020. These extensions are in response to the coronavirus (COVID-19) outbreak.
These announcements followed the national tax agency’s previous announcements that—due to the coronavirus (COVID-19)—the tax return filing and payment dates for individual income tax, gift tax, and individual consumption tax for 2019 are extended to 16 April 2020. Further, the deadlines for certain reports —known in English as the “Report of foreign assets” and “Report of assets and liabilities’—are extended to 16 April 2020. Read TaxNewsFlash
National tax, further guidance
The national tax agency released information about a “grace period” for taxpayers who cannot pay their taxes on time due to the coronavirus situation.
The Tokyo tax authorities announced an extension of business tax (local tax) due between 27 February 2020 and 15 April 2020 will be extended to 16 April 2020 (except for when a taxpayer closed the business in the middle of the year).
Read a March 2020 report [PDF 252 KB] prepared by the KPMG member firm in Japan
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