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Al-Mirsal Insights and commentary on legal developments in the Middle East

Category Archives: Japan

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Japanese Tax Law Reforms Facilitate Issuance of Sukuk by Japanese Companies

Posted in Capital Markets, Japan

The Japanese Financial Services Agency has issued a document (see Taxation of J-Sukuk Q&A) highlighting reforms to Japanese tax laws implemented in 2011 that facilitate the issuance of sukuk by Japanese companies (J-Sukuk). Following these reforms, distributions paid on J-Sukuk benefit from the same favourable withholding tax treatment as interest or coupons paid on corporate… Continue Reading