Tax reform proposals 2013 – details

The Cabinet approved and released the tax reform proposals for 2013 on 29 January 2013, and thereafter submitted to the Diet . The main changes are as follows.

Corporate income tax
(a) Tax credit/special depreciation for production equipment

If a company's total acquisition price of production equipment for domestic business, acquired during fiscal years beginning from 1 April 2013 through 31 March 2015, exceeds the total of the following two items at the end of a fiscal yea…