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 Taxes	Municipal 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.