FSA Japan abolished expiration dates of tax-free treatments of interest income

16 May 2008

The FSA believes that these abolitions will further contribute to ensuring the stability of transactions in the Japan's offshore market and bond transactions under repurchase agreements between domestic and foreign financial institutions.

The expiration dates of the tax-free treatment of interest income from deposits, etc. booked in special international financial transaction accounts and the preferential tax measure for interest income from bond transactions under repurchase agreements were abolished.

 

The FSA believes that these abolitions will further contribute to ensuring the stability of transactions in the Japan's offshore market and bond transactions under repurchase agreements between domestic and foreign financial institutions, etc., thereby helping strengthen the competitiveness of Japan's financial and capital markets

 

Press release

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