To promote digitalization, the government and the ruling party will reduce the tax burden on companies that have made related investments in the tax reform next year, and companies that have made capital investment to share data with cloud services. On the other hand, we have decided to deduct up to 5% of the investment amount from the corporate tax amount.
The government and the ruling party have a policy of reducing the tax burden on companies that have made related investments in the tax reform next year in order to promote "DX = digital transformation" that transforms operations with digital technology. I have decided on a plan for various measures.
According to this, in order to streamline operations, 3% of the investment amount will be deducted from the corporate tax amount or depreciation expenses will be deducted for companies that have made capital investment to share data within the group companies by utilizing cloud services. In addition, we will be able to add 30% of the investment amount only in the first year.
If you invest to share data with other companies, you will increase the deduction to 5%.
On the other hand, the upper limit of the target capital investment is 30 billion yen, and the condition is to present the government with a business plan that includes strengthening cyber security.
The government and the ruling party will include these details in the tax reform outline for next year, which will be summarized on the 10th of this week.