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Ministry of Economy, Trade and Industry (METI) FY 2018 Tax Reform Requests

August 2017
The Ministry of Economy, Trade and Industry

  • METI requests tax reforms to accelerate activities related to the 4th Industrial Revolution.
  • The ruling parties will decide the outline of tax reform in December.

Major requests

  1. Promote quick and comprehensive business reorganization
    • Exempt certain types of business restructuring, such as reorganizations to optimize business portfolio and corporate acquisitions using both cash and treasury shares, from tax to promote business reorganization in Japan.
  2. Fundamentally strengthen IT investment
    • Promote the use of data through tax benefits for investment in systems to share and exchange data among businesses and achieve high-level cybersecurity.
  3. Extend tax incentives to promote investment in ventures
    • Extend tax incentives for investment through venture funds to ensure sufficient funds for venture companies in local areas.

Reference

Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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