Japan’s ministry of finance announced in mid-December 2023 proposals for the 2024 tax reform, which include a range of domestic and international measures.

In this episode of The Japan Perspective, which is the first in a series of episodes on the 2024 tax reform, Deloitte Japan’s tax professionals, Joanna Hazel and Brian Douglas, discuss the 2024 tax reform proposals that were announced by the government and break down the three main themes of the proposed reforms: bridging the gap between inflation and slow wage growth, encouraging companies to invest in Japan, and ensuring compliance.

Specific discussions include changes to the local enterprise tax (addressing issues related to large companies and subsidiaries), proposals around Japanese consumption tax (including platform taxation), and new proposed incentives for strategic goods production and IP-related endeavors.

Please register for Deloitte Japan’s upcoming 15 February 2024 webcast discussing the 2024 tax reform proposals in more depth to stay ahead of the tax reform curve.

The Japan Perspective is Deloitte Japan’s podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.

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