Japan's Ministry of Finance has announced the approval of urgent tax measures by the Cabinet on 7 April 2020 in response to the COVID-19 pandemic. One of the main measures is that companies with capital between JPY 100 million and 1 billion will be allowed to carry back net operating losses incurred between 1 February 2020 and 1 April 2022, with the possibility of a refund. Normally, such loss treatment is only available for companies with capital below JPY 100 million.
A new payment extens…