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Japan Tax Plans for 2021-22 Include Loss Carryforward Relief

|Proposed Changes|Japan
Japan

The Japanese government is finalizing plans for tax measures for 2021-22 including relief measures to offset the negative impact of the COVID-19 pandemic. For companies, one of the main measures provides further loss relief. Previously, the government introduced loss carryback relief, providing that companies with capital between JPY 100 million and 1 billion are allowed to carry back net opera…

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