Japan Tax Agency Posts Guide on Amendments to Corporate Tax Laws for Tax Year 2026

The Japanese National Tax Agency May 27 posted a guide on amendments to corporate tax laws for tax year 2026. Topics covered include: 1) tax incentives for investments in specified productivity-enhancing equipment, including special depreciation and tax credit options; 2) revisions to the R&D tax system, including new tax credits for key industrial technologies and changes to credit rates, limits, and eligible expenses; 3) amendments to wage increase incentives, including abolishing specific provisions for large companies and revising provisions for small and medium-sized enterprise (SMEs); 4) updates to SME tax measures, including higher thresholds for small depreciable assets and changes ...