Tax Privileges

Privileges of National taxes, Prefecture Taxes and Municipal taxes
National Taxes(1) Tax exemption on estates exchange for designated businesses
Special Taxation Measures Laws 65 (7):
Rural Areas Earmarked for Industrial Sites, Designated Factory Land, etc.

(2) Specially recognized depreciation on industrial equipment in designated areas
Special Taxation Measures Laws 45:
Rural Areas Earmarked for Industrial Sites, Peninsular Development Areas, etc.
Prefectual Taxes(1) Ordinance on Prefectural Tax Exemptions in Rural Areas Earmarked for Industrial Sites, etc.
*Three-year exemption from business tax, real property acquisition tax, fixed assets tax (large depreciable assets)
*Conditions:
Acquisition cost of production facilities and equipment exceeding 27 million (or 30 million) yen
*Eligible areas:
Rural Areas Earmarked for Industrial Sites, Underpopulated Areas

(2) Ordinance on Prefectural Taxation on a Differential Basis in Peninsular Development Implementation Areas
*Three-year exemption from business tax, real property acquisition tax, fixed assets tax (large depreciable assets)
*Conditions:
Acquisition cost of production facilities and equipment exceeding 27 million yen
*Eligible areas:
Peninsular Development Implementation Areas
Municipal TaxesMunicipal ordinances

-Three-year exemption from fixed assets tax (Rural Areas Earmarked for Industrial Sites, etc. )
-Three-year fixed assets taxation on a differential basis (Peninsular Development Implementation Areas )
-Incentives

*Note: May not apply fully to all types of business, etc.
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