Wednesday, November 13, 2013

Japan Tax Treaties


Japan has concluded tax treaties with many countries for the purposes of avoiding double taxation of global income and preventing tax evasion. Provisions of tax treaties supersede those of domestic law. In determining Japan tax liability of individuals and corporations domiciled in a country with which Japan has a tax treaty, taxable income under Japanese law may at times be amended to accord with these tax treaties. Provisions have also been established in Japan for reducing the tax on, or exempting from tax, various types of income sourced in Japan.