Summary: In the space of a few short months, the COVID-19 pandemic morphed from a health emergency into an economic crisis. Having navigated a nationwide state of emergency, business leaders responsible for operations in Japan face a continued and ongoing challenge to attend to the needs of multiple stakeholders. Initial imperatives of ensuring employee safety, and enabling operational continuity, have been joined by concerns over supply chain integrity and changing modes of customer engagement. As budgets bend and forecast fracture, maintaining sufficient liquidity and conserving cash remain key priorities. In its toolbox of measures to provide emergency support to business, and to stimulate economic recovery, the Japanese government has introduced a number of COVID-19 tax measures. In addition, as companies pivot from emergency response to business recovery, leaders of multinational groups investing into Japan should be aware of the impact of acute fluctuations in financial performance on their arrangements for pricing related party transactions. Learn about the key Japanese tax relief measures and other tax opportunities to mitigate the short term economic impact as well as long term planning considerations to support workstyle changes due to COVID-19. (Live presentation was aired on 16 July 2020)
