Japan: Updated guidance (Q&As) under group relief system

Third release updating Q&As on Japanese group relief system

Third release updating Q&As on Japanese group relief system

Japan’s tax authority updated guidance—provided in the format of “questions and answers” (Q&As)—regarding certain tax treatment issues under the Japanese group relief system.

The group relief system was enacted as part of the 2020 tax reform, when the consolidated tax return filing system was revised and replaced with the group relief system, which will be effective for tax years beginning on or after 1 April 2022. As guidance under the new system, the tax authority first issued the Q&As in June 2020 and then updated the Q&As in August 2020. Read TaxNewsFlash

The new update was release 28 June 2021 and includes 14 new Q&As.

Read a July 2021 report [PDF 109 KB] prepared by the KPMG member firm in Japan


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