REGULATORY

Ruling Parties OK FY2023 Tax Reform Outline; No More Special COVID Measure for R&D Credits

December 19, 2022
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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