Japan Tax News
Protocol to treaty between Japan and Philippines signed
15 January 2007
Treaty between Australia and Japan to be renegotiated
17 December 2006
Treaty between Japan and UK to enter into force
12 November 2006
Treaty between Pakistan and Japan to be signed
14 October 2006
Treaty negotiations between France and Japan finalized
12 September 2006
Treaty between United Arab Emirates and Japan – negotiations
13 August 2006
Protocol to treaty between Japan and Philippines – negotiations
13 August 2006
Treaty between Japan and Philippines – negotiations
14 June 2006
IRS releases list of qualified investment banks under MoU defining investment bank for interest withholding under 2003 Japan-US treaty
14 May 2006
Protocol between Japan and India signed
9 April 2006
Treaty between United Kingdom and Japan signed
16 March 2006
It has been reported that France will begin official negotiations with Japan on 25 January 2006 to revise the France-Japan income tax treaty of 3 March 1995. The main purpose of the revision is to encourage more bilateral investments by lowering the withholding tax rates which are currently fixed at 15% for dividends (5% for qualifying companies), 10% for interest and 10% for royalties
19 February 2006
The Competent Authorities of the United States and Japan have signed a memorandum of understanding (MOU) defining the term "investment bank" for purposes of Art. 11 (Interest) of the 2003 income tax treaty between the two countries. The definition is relevant for determining eligibility for zero-rate withholding for interest payments under Art. 11(3)(c)(i) of the 003 Japan-US Treaty. The MOU was signed on 27 December 2005 and released by the US Internal Revenue Service (IRS) on 28 December 2005.
19 February 2006
The Japanese Ministry of Finance announced on 31 October 2005 that Japan and India have agreed to revise their tax treaty Basically, both countries agreed to partially revise the existing treaty as follows:
6 December 2005
Following a final round of negotiations on 26 May 2005, the United Kingdom and Japan reached an agreement in principle on a new tax treaty. Once in force, the new treaty will replace the United Kingdom-Japan income tax treaty of 10 February 1969 (as amended by the 1980 protocol). Further details of the new treaty are not yet available.
3 August 2005