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Taxation on Financial, Securities & Housing |
Japanese... |
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1. |
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Taxation of stocks |
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The current preferential treatments to apply a 10% withholding tax rate instead of 20% for dividend and capital gains on listed stocks will be extended for one year. |
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Housing Loan Tax Credits |
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New tax regulations on the amount of annual tax credit available will be introduced.
This is because the amount of available tax credit may shrink for low and middle income earners due to the transfer of the tax revenue sources from national to local governments.
[Detailed information is available in the Japanese version.] |
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Gain and Loss Statements for each Partner |
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An unlimited liability partnership is required to submit statement of gains and losses to each limited partner to the tax office by January 31 of the following year.
This reform applies to the statements being submitted on or after January 1, 2008. |
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4. |
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Requirements of Information Return and Withholding Tax on "Tokumei Kumiai" Distributions |
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Formerly, this requirement applied only to the distributions to residents and domestic companies when the total number of TK partners exceeded 10.
Now they apply to all distributions regardless of the number of partners. This reform applies to all distributions made on or after January 1, 2008. |
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