Dbriefs Podcasts

Nov 07 2024 24 ep. 330

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Dbriefs Podcasts is a regular video and audio news podcast series that focuses on the latest tax news and developments that could affect your business. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms or their related entities (collectively, the “Deloitte organization”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

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Optimizing tax operations—evolving challenges require innovative solutions

Foreign multinational enterprises operating in Japan must react to a number of issues that make it increasingly challenging to deliver tax operations internally in an effective and cost-efficient manner. A shrinking talent pool of qualified personnel is exacerbated by the need for bilingual practitioners who are equipped to work in international business environments. In addition,

Navigating the Japanese incentives landscape

The Japanese government has earmarked foreign direct investment as critical for economic growth, announcing a goal of JPY 100 trillion of foreign direct investment by 2030, and offering incentives and subsidies to foreign companies at both the national and local level. Designated specific areas for strategic support include tax incentives and subsidies related to investments in car

Recent changes to the consumption tax rules affecting foreign companies

As part of Japan’s 2024 tax reform, several measures were introduced to the Japanese consumption tax (JCT) regime that are designed to tighten the rules around the prescribed tests to determine whether an entity is a JCT payer or a JCT exempt enterprise. In addition, changes were made that require certain foreign companies without a permanent establishment in Japan to calculate t

Buyback of shares

Budget 2024 introduces significant changes to the taxation of share buybacks, shifting the tax burden from companies to shareholders. This amendment, effective 1 October 2024, impacts both domestic and cross-border buybacks. This podcast focuses on the tax implications of cross-border buybacks and explores key issues worth considering. Tune in to learn more.

Playing your best card: Navigating tax audits in Japan

The number of field audits in Japan has been increasing each year, and is now returning to the level seen prior to the COVID-19 pandemic (see our Tax Controversy Japan Update 2024). Foreign multinationals are therefore likely to face a tax audit in the near future (if not already), and while tax audits may result in disagreements between a company and the tax authorities, it could

Pillar One - Amount B: Concepts and implications

As global tax regulations evolve, understanding and embracing the Two-Pillar solution by the OECD are pivotal for businesses aiming to enhance transparency, build trust, and drive sustainable growth. Join our experts Mr. Anis Chakravarty, Asia Pacific Transfer Pricing Leader, Mr. Tarun Arora, India Transfer Pricing Leader and Ms. Karishma Phatarphekar, Transfer Pricing Partner at D

Exploring Tax Transparency: Navigating Complexity, Fostering Trust

In the current landscape of heightened awareness around corporate governance and ethics, embracing tax transparency is a vital opportunity for growth and trust-building. Join us as Riddhi Shah, Tax Partner at Deloitte India, and Prayag Kinariwala, Senior GM - Corporate Taxation at Lupin Limited delve into the significance of transparent tax reporting for businesses, governments, an

ESG and Transfer Pricing

Environmental, social, and governance (ESG) initiatives are reshaping corporate landscapes, impacting reporting requirements and intersecting with tax and transfer pricing domains. Our latest podcast sheds light on the ripple effects of HQ-led ESG strategies, prompting revisions in intercompany pricing policies. Carbon credit procurement, green financing, ESG-focused KPI selection

Podcast: Revisions to the factor-based enterprise tax system

In the 2024 tax reform proposals, Japan's Ministry of Finance announced its intention to introduce changes to the current factor-based enterprise tax regime. In this episode of The Japan Perspective, Deloitte Japan’s tax professionals Joanna Hazel and Ken Leong examine the recent reforms to the factor-based enterprise tax system. The discussion highlights the closure of certain l

2024 tax reform series—proposed new and revised tax incentives

In the 2024 tax reform proposals, Japan's Ministry of Finance announced its intention to introduce two new tax incentives for strategic investment and innovation, and proposed amendments to the existing carbon neutrality incentive, as follows: • Strategic investment: Aimed at encouraging corporate investment in digital transformation, green transformation, and economic security.