|
<Tax Incentives for Locating Firms>
|
Name of Ordinance
|
Conditions of Applicant
|
Applicable Area
|
Enterprise Tax
|
Fixed Assets Tax
|
Real Estate Acquisition Tax
|
Ordinance on the Exception of Prefectural Tax
for Industrial
Development Areas in Low Development Areas |
●
●
|
Industrial production equipment
acquisition
cost: Over \23 million
Applicable enterprises: Manufacturing
|
|
Low development areas |
●3 years
●Tax exemption |
●3 years
●Tax exemption or unequal taxation
|
●At acquisition
●Tax exemption
|
| Ordinance on the Exception of Prefectural
Tax for Depopulated Areas |
●
●
|
Industrial production equipment
acquisition
cost: Over \23 million
Applicable enterprises: Manufacturing, hotels
|
|
Depopulated areas |
●3 years
●Tax exemption |
●3 years
●Tax exemption or unequal taxation
|
●At acquisition
●Tax exemption
|
Ordinance on the Exception of Prefectural Tax
for Induction of
Industry into Agricultural Regions |
●
●
●
|
Industrial production equipment
acquisition
cost: Over \26 million
Applicable enterprises: Manufacturing, road
transportation, warehousing, packaging,
wholesaling
In case of road transportation, warehousing,
packaging and wholesaling enterprises,
increase in employees to be over 15. |
|
Agricultural area designated for
industrialization |
●3 years
●Tax exemption
|
●3 years
●Tax exemption or unequal taxation
(except warehousing)
|
●At acquisition
●Tax exemption
|
| ● |
(1) The exemption or reduction of Fixed
Assets Tax is applicable only when an ordinance of cities, towns
or villages is enacted. (Refer to ordinances of cities, towns and
villages, for example, "tax incentives for locating firms,"
etc.) |
| (2) The amount of Enterprise Tax to be
exempted is the amount calculated by multiplying tax rate to the
standard taxable amount, which is applicable for exemption and calculated
by the following formula: |
| |
Income amount in the relevant
fiscal year or calendar year to be the
standard of taxation of Enterprise Tax to be levied
to the enterprise
or individual concerned by the prefectural government |
|
× |
Number of employees
concerning
the relevant new or increased
equipment
|
|
÷ |
Number of employees at offices or factories in the
prefecture owned by those who newly establish or
increase the equipment concerned |
|
|
|
= |
The standard amount of taxation
to be applied as tax exemption
|
|
|
(3) The applicable assets for exemption of Real Estate Acquisition
Tax, and exemption and reduction of Fixed Assets Tax, are buildings
and their sites which are under the application of Sub-Section 1
of Section 12 or Sub-Section 1 of Section
45 of Special Taxation Measures Law. (As for Fixed Assets Tax, certain
assets to be depreciated directly offered for manufacturing are
also applicable.)
Offices, welfare facilities , etc. and their sites are not applicable.
The exemption and reduction are applied only when the construction
of buildings starts within 1 year after the date of acquisition
of land. |
|
