The healthcare supply chain in Japan, as in all major markets, consists of biopharmaceutical manufacturers selling to wholesalers who in turn sell to hospitals, clinics, and pharmacies, where the drugs are finally dispensed to patients. Each party ideally contributes value…
REGULATORY
Ruling Parties OK FY2023 Tax Reform Outline; No More Special COVID Measure for R&D Credits
Japan’s ruling parties hammered out the FY2023 tax reform outline on December 16. It enshrines a three-year extension of a “10% add-on” for the deduction ceiling of the R&D tax credit system, though a special measure for COVID-19 will expire…
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