HomeTag Komeito

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The ruling coalition, composed of the Liberal Democratic Party and the Komeito, officially decided tax reform guidelines for 2020, on Thursday afternoon. The government will create a preferential tax regime for large companies investing in startups for business innovation. The small investment tax exemption system (called “NISA,” which was implemented in 2012) will be replaced by a new system, and NISA will continue to be funded. The government will emphasize tax cuts so that companies...

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In the Japanese government, the ruling coalition has decided to grant a tax break to companies that invest in 5G (a new cellular phone and data networking standard). The ruling coalition includes the Liberal Democratic Party (LDP) and the Komeitō. In order to qualify, a company needs to help develop a 5G base station. They can then declare the expenses on their taxes, and deduct 15% of those expenses from their corporate taxes. Another requirement...