Oct 17 2024
The Japanese government has earmarked foreign direct investment as critical for economic growth, announcing a goal of JPY 100 trillion of foreign direct investment by 2030, and offering incentives and subsidies to foreign companies at both the national and local level.
Designated specific areas for strategic support include tax incentives and subsidies related to investments in carbon neutrality, large-scale investments in certain regional areas by small and medium-sized enterprises, and investments related to innovation. Although some of these tax incentives and subsidies to encourage investment have been available for a number of years, the utilization rate among foreign companies generally has been low.
In this episode of The Japan Perspective, Masaaki Miura, partner in Deloitte Japan’s Gi3 (Global Investment and Innovation Incentives) group, discusses the grants and incentives landscape in Japan, Deloitte Japan’s Incentive Insights tool (Link : https://japan-incentive-insights.deloitte.jp), and some options for foreign companies looking to benefit from the available incentives.
The Japan Perspective is a podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.
If you've recently listened to our podcast and would like to share your thoughts or feedback, we would greatly appreciate it. Your feedback helps us improve and tailor our content to our listeners. Please share your feedback via this link: https://forms.office.com/e/BnjLKLWpZb
Designated specific areas for strategic support include tax incentives and subsidies related to investments in carbon neutrality, large-scale investments in certain regional areas by small and medium-sized enterprises, and investments related to innovation. Although some of these tax incentives and subsidies to encourage investment have been available for a number of years, the utilization rate among foreign companies generally has been low.
In this episode of The Japan Perspective, Masaaki Miura, partner in Deloitte Japan’s Gi3 (Global Investment and Innovation Incentives) group, discusses the grants and incentives landscape in Japan, Deloitte Japan’s Incentive Insights tool (Link : https://japan-incentive-insights.deloitte.jp), and some options for foreign companies looking to benefit from the available incentives.
The Japan Perspective is a podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.
If you've recently listened to our podcast and would like to share your thoughts or feedback, we would greatly appreciate it. Your feedback helps us improve and tailor our content to our listeners. Please share your feedback via this link: https://forms.office.com/e/BnjLKLWpZb