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Japan government COVID-19 tax measures
Japan tax newsletter 20 April 2020
On 7 April 2020, the Japanese government made a cabinet decision to approve the emergency economic package in response to COVID-19. The size of the emergency economic package is estimated to be around 108 trillion JPY. The emergency economic package includes specific tax measures as well.
This summary provides an outline of these tax measures. It is important that these measures will come into force only when the Diet passes the necessary legislative acts. It is therefore possible that the details of some of these tax measures may change during the legislative process.