Industry News

2015-09-08 07:59:43

The Japan government has replaced the 60 year old "Alien Registration System" in favor of a new "residency management system". Some of the main points of the new system are, a new Residence Card replacing visa stamp in the passport and an alien registration card used prior to the new system...

2015-09-08 07:58:41

On 30 November 2011, the Japanese Diet approved the corporate tax rate reduction, a net operating loss (NOL) limitation and an extension of the NOL carry forward period. The bill is to reduce the effective corporate tax rate by approximately five percentage points (4.5% point reduction in the...

2015-09-08 07:56:04

Japan's tax authorities asked foreign counterparts to provide information on more than 1,000 cases involving Japanese nationals and firms in the last fiscal year. Asset placement in overseas financial institutions to avoid paying tax is growing more prevalent. Japan has a treaty or agreement with 64

2015-09-08 07:57:03
On 10 August 2012, the government of Japan passed a bill that includes measures to increase the consumption tax rate up to 10% in 2 phases. The first of which will be a hike from the current 5% to 8% on April 2014 then to 10% from October 2015. Implementation details of the rate hikes will be

  • The Executive Centre News

    Tax Agency seeks foreign info to collect tax, authorities asked foreign counterparts to provide info..

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