METI Requests Extension of Tax Policy to Promote DX Investment
METI requests a two-year extension after reviewing the requirements for tax approval, etc.
September 22, 2022
Summary
◆On August 31, 2022, the Ministry of Economy, Trade and Industry issued a request for revision of the tax system for fiscal 2023 (hereinafter referred to as "the request").
◆The request calls for a two-year extension of the deadline for the application of the "DX Investment Promotion Tax System," which provides tax incentives for software and other investments aimed at corporate DX, after reviewing the tax approval requirements, etc.
◆Discussions will be held in the near future at the ruling party's Tax Commission and other forums with a decision expected to be made by mid-December. Despite the fact that there are no concrete details on how to review tax approval requirements, attention will be paid to whether corporations can improve the effectiveness of DX while making it easier to use, and whether there are transitional measures for corporations that have received a certified business adaptation plan prior to the revision.
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