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Tax reform proposals 2013 – Bills passed

|Approved Changes|Japan
Japan

On 29 March 2013, the tax reform proposals for 2013 were passed as proposed by the Diet.

The main changes are as follows.

Corporate income tax

(a) Tax credit/special depreciation for production equipment

If a company's total acquisition price of production equipment for domestic business, acquired during fiscal years beginning from 1 April 2013 through 31 March 2015…

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