On 31 March 2015, Japan's Tax Reform Bill for 2015 was enacted, which includes several proposals made the end of 2014. The main measures of the reform generally apply for tax years beginning on or after 1 April 2015 unless otherwise indicated, and include:

Corporate Tax

From 1 April 2015, the standard corporate tax rate is reduced from 25.5% to 23.9% and the top size-based enterprise tax rat…