Japan’s National Tax Agency released an updated list of “questions and answers” (Q&As) about the Japanese group relief system under the 2020 tax reform.
With the 2020 tax reform, the consolidated tax return filing system was revised to reflect the Japanese group relief system as applicable for fiscal years beginning on or after 1 April 2022.
The revised Q&As (Japanese only and released 21 August 2020) address 65 questions (up from 43 questions) reflecting cabinet orders and ministerial ordinances of corporation tax that were issued in late June 2020. Read TaxNewsFlash
The new Q&As address, among other items:
Existing Q&As were updated to include the tax treatments prescribed by the cabinet orders and the ministerial ordinances, and more detailed explanations and amendments.
Read an August 2020 report [PDF 352 KB] prepared by the KPMG member firm in Japan
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