OrbitaxOrbitax

New Prime Minister announced further discussion on foreign dividends exclusion system

|Proposed Changes|Japan
Japan

The new Prime Minister, Taro Aso, has announced that the government will have a further discussion on the revision of the tax rule relating to dividends that a Japanese parent company receives from its foreign subsidiaries. His plan includes the introduction of the foreign dividends exclusion system, which the Ministry of Economy, Trade and Industry proposed to introduce as part of …

Continue Reading