OrbitaxOrbitax

Japan 2022 Tax Reform Measures Enacted

|Approved Changes|Japan
Japan

Japan's National Diet (parliament) approved the bill for the government's tax reform proposals for 2022 on 22 March 2022, which was enacted on 31 March and generally applies from 1 April 2022. One of the main measures amends the tax credit for wage/salary increases with effect from 1 April 2022 to 31 March 2024, providing for a credit equal to 15% to 40% of the wage/salary increase (difference)…

Continue Reading