On 10 December 2021, Japan announced its 2022 tax reform proposal, which contains a number of changes to the existing tax rules that may impact companies doing business in Japan, including changes that may provide some companies with a chance to reduce their Japanese tax burden, as well as changes that may result in potential pitfalls (e.g., disallowance of certain incentives, etc.) for failure to comply with the new provisions. Additionally, amendments were made to the Japanese Companies Act in 2021 introducing a share delivery regime.
Author
Safari Watanabe
BrowsingSafari Watanabe is a partner in the Firm's Corporate/M&A Practice Group in Tokyo. She has more than 10 years of experience practicing as a corporate transactional lawyer in Baker McKenzie’s San Francisco and Tokyo offices. Ms. Watanabe has extensive experience advising industry clients on corporate and transactional matters.