OrbitaxMETI's proposals for 2009 tax reform – exemption from tax on foreign dividends (substantial holdings)
|Approved Changes|Japan
The Japanese Ministry of Economy, Trade and Industry (METI) is considering revising the tax rule relating to dividends received by a Japanese parent company from its foreign subsidiaries. METI is expected to discuss the matter with the Ministry of Finance for the 2009 tax reform.
Currently, dividends received from foreign subsidiaries are subject to corporate incom…
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