CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Japan Plans Sub-30 Percent Corporate Tax Rate

Japan Plans Sub-30 Percent Corporate Tax Rate

by Mary Swire, Tax-News.com, Hong Kong

27 June 2014


Japan's corporate tax rate will drop below 30 percent over the next few years under plans announced by Prime Minister Shinzo Abe on June 24, 2014.

The reduction in corporate tax, which is currently levied at nearly 36 percent for some companies, is the third and latest installment in a series of measures aimed at reinvigorating the flagging economy and reducing government debt. The Government aims to return to a primary fiscal balance (not including debt-servicing costs) in 2020.

The final corporate tax rate has not been announced, but the change will be phased in gradually, with the first reduction scheduled to take place next year.

It has been suggested that the final corporate tax reform details, to be announced before the end of this year, will ally the tax rate reductions with a broadening of the tax base by restructuring existing tax breaks.

TAGS: tax | corporation tax | tax breaks | tax reform | Japan

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »