Japan's 2024 tax reform legislation was reportedly approved by the National Diet (parliament) on 28 March 2024. As previously reported, some of the main measures include:
- The extension and expansion of tax credits for salary increases for three years from 1 April 2024 to 31 March 2027, along with extended restrictions on the application of special tax measures for large companies that do not meet salary increase and capital investment conditions;
- The introduction of new tax credit incentives…