Japan Passes 2018 Budget Measures
On 28 March 2018, the Japanese Diet (legislature) reportedly passed the legislation for the 2018 Budget, including tax reform measures. As previously reported, the main measures include:
- An expansion of the definition of permanent establishment (PE) to align domestic law with BEPS Action 7 (Preventing the Artificial Avoidance of PE Status) with regard to agent PEs;
- An expansion of the rules re…