Japan Planning Tax Incentives for Investments in 5G Technology and Innovative Start-Ups

The Japanese government announced tax reform plans for 2020 on 12 December 2019, including new tax incentives to promote investment. This includes:

• Incentives for investments in 5G wireless technology, including a 15% tax deduction for investments by qualifying phone operators and companies utilizing 5G networks for smart manufacturing and agriculture; and
• Incentives for investments in innovative technology start-ups, including a 25% tax deduction for investments in qualifying start-ups less…