Japan 2026 Tax Reform Approved and Published

Japan's 2026 tax reform legislation was approved by the National Diet (parliament) on 31 March 2026 and published in the Official Gazette. The reform measures are in line with the proposals put forward in December 2025 and January 2026, and are summarized as follows:

Corporate Income Tax

• A tax incentive is introduced to encourage domestic capital investment in high-value-added facilities, which is available for companies that receive government approval for investment plans in "Specific P…