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Japan's 2018 new and revised tax treaties very beneficial to pension funds

In 2018, Japan has concluded many new and revised tax treaties.

The new and revised tax treaties with the following countries entitle Japanese pension funds to a full exemption or refund of the foreign dividend withholding tax paid in those countries (and vice versa): Spain, Iceland, Lithuania, Denmark, Estonia, Austria, Russia, Belgium.

The exemption and refund provisions enter into effect as of 1 January 2019 for all of these treaties, except for Spain and Belgium which at this time do not have a known effective date yet.

Jeroen van der Wal
Founder and CEO of the fintech Taxology, which developed the Protocol platform that automates the identification of tax relief entitlement.

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