Japan Australia Double Taxation Treaty- New Double taxation Agreement
August 2007
Japan and Australia agreed to revise the double taxation treaty, already existing for 38 years.
The revised treaty would reduce withholding taxes, mainly inter company dividends and interest.
The revised treaty is expected to improve the investment relationship between the 2 countries.
The new treaty has yet to be approved by the parliments in Japan and Australia.
Japan and UK New Double taxation Agreement
October 2006
On 12.10.2006 the new double taxation agreement between Japan and the UK entered into force.
Japan Social Security
July 2005
Japan and The U.S. signed a double social security tax agreement, effective 1.10.2005. According to the treaty credits from both countries could be combined together. The tax on the same income would be paid in one country only.
Income Tax
April 2005
From 1.4.2005 companies can get a tax credit for training expenses.
The credit is 10% of the company's corporate tax,or 20% of the increase of the training expense compared to the average expense in the last 2 years,whichever is smaller.
