Government ruling party adjusts to 5G promotion by deducting 15% of investment amount Decrease tax to electric power company December 11th 5:44
In order to promote the introduction of the next generation communication standard, 5G, the government and ruling party will receive 15% of the investment for the next two years from the next fiscal year if it is certified by the government review of the mobile phone companies that maintain the base stations. The final adjustment was made in the direction of deducting from the corporate tax.
In preparation for the tax reform next year, if the LDP finds that mobile parts companies that have 5G base stations are not using security-risk parts in government examinations, Summarize mitigation measures such as 9% deduction from corporate tax.
On the other hand, the government and the ruling party expressed 15% of the investment amount for two years from the next fiscal year because the government said, “In order to strongly promote the introduction of 5G, further mitigation measures are necessary.” The final adjustment was made in the direction of deducting tax.
In addition to this, the government and the ruling party are reviewing the tax rate and taxation method in part based on requests from economic groups and other companies, and considering tax reductions for corporate business taxes paid by electric power companies.
The Liberal Democratic Party and Komeito Party are planning to incorporate the tax reform outline to be decided on the 12th.