Japan's 2026 Tax Reform Proposals

Japan's Ministry of Finance has published an overview of its 2026 Tax Reform Proposals, as well as summaries in English and Japanese. The main proposals are summarized as follows:

Corporate Income Tax

• A tax incentive will be introduced to encourage domestic capital investment in high-value-added facilities, which will be available for companies that receive government approval for investment plans in "Specific Productivity Improvement Facilities":
  • the investment plan must exceed JPY 3.…