Japan Master Tax Guide 2019/2020
17th ed. 2019/07.
(Wolters Kluwer) – SG. (574333)
ISBN: 9789814446990 ￥30,000 ＋ tax
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The Japan Master Tax Guide 2019/2020 is an informative and practical guide to the framework of Japanese tax law in English. Readers will find the insightful commentary on Japanese tax statutes, regulations and National Tax Agency circulars extremely helpful. Using non-technical language and illustrative examples, flowcharts and exhaustive citations to Japanese laws and regulations, it allows non-Japanese tax practitioners to gain a deeper understanding of the Japanese tax laws.
With references to tax statutes and headings in kanji characters, the guide is also useful to English-speaking Japanese tax practitioners. This book is designed to be used by business and individuals subject to Japanese taxes, and tax professionals who deal with Japanese tax issued with latest changes in tax rates.
This 17th Edition reflects all pertinent taxation changes that affect 2019/20 returns and provides fast and reliable answers to tax questions, including:
- 所得税法等の一部を改正する法律（平成 31 年法律第 6 号）Law to Partially Revise the Income Tax Law, etc., Law No 6 of 2019, 27 March 2019 (generally effective from 1 April 2019 with other effective dates for some provisions).
- 社会保障の安定財源の確保等を図る税制の抜本的な改革を行うための消費税法の一部を改正する等の法律等の一部を改正する法律（平成28年法律第85 号）Law to Partially Revise the Consumption Tax Law in Order to Fundamentally Reform the Tax System to Secure Stable Financial Resources for Social Security, etc., Law No 85 of 2016, 28 November 2016). This law delayed implementation of an increase in the rate of the Japanese Consumption Tax from 8% to 10% rate until 1 October 2019 at which time the new rate is scheduled to take effect unless there is an intervening economic crisis. Despite concerns that the rate increase could negatively affect the nation’s economy, Prime Minister Abe has indicated that only “an event with the magnitude of the Lehman Brothers shock” would deter him from implementing the rate increase as scheduled on 1 October 2019.
The law stated in this edition stands as at 31 March 2019.
Table of Contents :
1. Structure of the Japanese Tax System: 日本の税構造枠組み
2. Taxable Persons: 課税対象者
3. Income Taxation: 所得税
4. Corporation Tax: 法人税
5. Taxation of Property and Transactions: 固定資産税
6. Inheritance and Gift Taxes: 相続税および贈与税
7. Consumption Tax: 消費税
8. Tax Administration: 国税局／国税庁
9. Non-Residents and Foreign Corporations: 非居住者および外国法人
10. International Double Tax Relief: 二重課税軽減・免除
What are the salient points to this current edition
- Further clarity on the impact of the Special Reconstruction Income Tax
- The impact of the revised immigration laws (Zairyu Shikaku — 在留資格)
- Treatment of virtual currencies (Kasō tsūka 仮想通貨)
- Further explanation of the hometown donation deduction (furusato nōzei ふるさと納税) and the legislative plans to limit the value
- Extension of the home acquisition loan credit (Jutaku No Shutoku Tokubetsu Kojo — 住宅の取得特別控除)
- Explanation on the criteria of the special provisions under the Special Taxation Measures Law provided to medium- or small-sized companies
- More privileges accorded to filers of the blue tax return (Aoiro Shinkoku — 青色申告)
- Incentive based compensation (gyōseki rendō kyūyo 業績連動給与)
- Credit for research and experimentation (shiken kenkyū-hi no zeigaku kōjo 試験研究費の税額控除)
- Further explanation on unlimited taxpayers
- Business succession tax system for sole proprietors (kojin jigyō-sha no jigyō shōkei zeisei 個人事業者の事業承継税制) and other inheritance tax-related matters
- Electronic telecommunication services (denki tsūshin riyō ekimu 電気通信利用役務).
- Details on the interim tax returns (Chukan Shinkoku — 中間申告) payment period
- Further elaboration on Japanese source income (kokunai gensen shotoku — 国内源泉所得) under the attributable income principle
- The 2019 revised transfer pricing rules, as well as documentation for APA requests
- Further explanation the concept of paper companies
- Updated information on key economic statistics. tax rates and agreements between countries
- More translations of key terms in Japanese added
- Improved law references
Author: John W Darcy
John W Darcy is an international tax attorney and university professor. His tax practice involving the Pacific Rim area spans many years and includes experience as an attorney for the international law firm of Morgan, Lewis & Bockius; advisor on foreign law to the Japanese law firm of Mitsui, Yasuda, Wani & Maeda in Tokyo; and as a Certified Public Accountant. He currently serves as a Professor of Accounting in the College of Business & Entrepreneurship at the University of Texas Rio Grande Valley and he has previously served at the University of Texas-Pan American as Associate Dean of the College of Business Administration, Interim Chair of the Department of Accounting and Business Law, and Coordinator of Masters Programs in Accounting.
Proficient in English, Japanese and Chinese, Dr Darcy played an active part for many years within Japanese and US legal and business circles. He has published numerous articles in both Japanese and English on the subjects of international taxation and investment. Among the publications in which his articles have appeared are TAXES: The Tax Magazine (CCH); The CCH Journal of Asian Pacific Taxation (for which he served as the United States national reporter for the “Tax Conference — In Print” feature); Kokusai Zeimu (International Taxation); Major Tax Planning and East Asian Executive Reports. He has also been a frequent speaker on international tax issues at tax law and bar association conferences.
Dr Darcy is a member of the Bar in the State of California, the District of Columbia and the United States Tax Court. His educational background includes a BA in East Asian Languages from Indiana University in 1970, a Master of Science in Accounting from San Francisco State University in 1980, an MBA in Taxation from Golden Gate University in 1980, a JD (magna cum laude) from the University of San Francisco School of Law in 1987 and a PhD from the University of Oklahoma in 2002.