Japan promulgates 2023 tax reform enforcement order to implement IIR to align with OECD BEPS 2.0 Pillar Two

Executive summary

On 16 June, 2023, the enforcement order associated with the income inclusion rule (IIR) was promulgated as part of Japan's 2023 tax reform.¹ The enforcement order provides supplemental details of the law that had been enacted on 28 March 2023 ² to implement the IIR to align with OECD ³ BEPS…