Losses on rental property disallowed for Japanese taxes
On 12 December 2019, the Japanese government announced tax changes for 2020 including provisions that will affect internationally mobile employees who have rental properties outside Japan. The changes limit the ability of taxpayers to offset losses from buildings that are not newly built.
Japanese tax reform impacts expats and allowable deductions
On 12 December 2019, the Japanese government announced tax changes for 2020 including a provision that will affect internationally mobile employees.