FSA Tax Policies

I．Topics

«International Financial Center»

• Business Reports on a Special Provision for Deductibility in Performance-based Compensation (November 22, 2021)New
• Tax Treatment of Carried Interest (April 22, 2021)
• Tax Policies for Japan as an International Financial Center (April 1, 2021)

«Preparation for Permanent Cessation of LIBOR»

• Tax Treatment of Financial Instruments with the Interest Rate Replacing LIBOR (Japanese) ＜National Tax Agency's website＞(April 2, 2021)

«Independent Agent Exemption»

• Partial revision of the  "Reference Cases", etc. regarding the "Independent Agent Exemption" of fund managers (July 22, 2020)

«Japanese Bond Income Tax Exemption Scheme (JBIEM)»

• Perpetuation of Japanese Bond Income Tax Exemption Scheme (PDF:68KB) (May, 2013)

• Publication of “Taxation of Revenue Bonds Q&A” (May 29, 2012)

• New Japanese Bond Income Tax Exemption Scheme (May 18, 2010)

«Taxation of J-Sukuk»

• Publication of "Taxation of J-Sukuk Q&A" (April 16, 2012) (updated October, 2021)

«Taxation of Financial Assets and Stocks»

• Integration of taxation on financial income and gains (PDF:46KB) (May, 2013)

II．Request for Tax Revisions

Tax Reform in FY 2018 Key FSA-related Items in the Outline for the FY 2018 Tax Reform (July, 2018)

Tax Reform in FY 2017 Key FSA-related Items in the Outline for the FY 2017 Tax Reform (July, 2017)

Tax Reform in FY 2016 Key FSA-related Items in the Outline for the FY 2016 Tax Reform (April, 2016)

Tax Reform in FY 2015 Key FSA-related Items in the Outline for the FY 2015 Tax Reform (June, 2015)

«FSA Newsletter (Request for Tax Revisions)»

• Main items Related to the FSA in the FY2012 Tax Reform Outline (January, 2012)

• FY2012 Request for Tax Revisions (October, 2011)

• Main Items Related to FSA in Outline of the FY2011 Tax Reform (December, 2010)

• FY2011 Request for Tax Revisions (September, 2010)

• FY2009 Request for Tax Reform (October, 2008)

• FY2007 Request for Tax Reform (October, 2006)