As previously reported, the Japanese government's tax plans for 2021-22 include relief measures to offset the negative impact of the COVID-19 pandemic, including further offset relief for carried forward losses that would allow 100% offset for five years instead of the standard 50%. Other planned measures for 2021-22 include:
- Special depreciation of 30% or a tax credit of 3% or 5% for investments in cloud-based systems, other software improvements, and certain other assets until 31 March 202…