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We approach each audit with sharp thought, straight talk and common sense. In addition to verifying that financial results are fairly presented and meet...

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As your business grows, our advisory services are designed to help you achieve your goals. Successful growth often means navigating a complex array of...

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JAPAN TAX BULLETIN

Financial support for a subsidiary in financial distress

2023/02/271 min read

Contents

It is common that a parent company provides a financially distressed subsidiary with financial support in the form of debt forgiveness, sales price discounts or interest-free loans etc. Such financial support is usually treated as a “donation” for tax purposes and its deductibility for tax purposes is restricted.　However, when there are rational reasons for a parent company to support its financially　distressedsubsidiary, the support is not treated as a donation and is fully tax deductible.

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