Japan enacts tax measures in response to COVID-19

Executive summary

On 30 April 2020, the bill for Japan’s COVID-19 related measures (the Measures) was enacted following passage of the Measures by the Japanese Diet.¹ The Measures generally follow the outline announced by the Japanese Government on 7 April 2020² that are aimed at providing relief through the tax system for businesses in distress. The Measures are part of the Government’s third stimulus package.³

This Alert summarizes the key tax provisions relevant to businesses.

Detailed discussio…