OrbitaxEarnings stripping provisions to take effect from 1 April 2013
|Approved Changes|Japan
As part of the 2012 Tax Reform, Japan adopted earnings stripping provisions under which a corporation's deduction for net interest expense paid to a related party will be limited to 50% of adjusted income effective for tax years beginning on or after 1 April 2013.
Related party
| (i) | person with whom the corporation has a 50% of … |
