Applications Open for Bold Investment Tax Incentive

The Ministry of Economy, Trade and Industry has begun accepting applications for confirmation of specified productivity-enhancing equipment investment plans under the Act on Strengthening Industrial Competitiveness, as well as applications for certification of international economic circumstances change business adaptation plans.

This scheme is a tax support framework that promotes large-scale, high-value-added domestic investment.

Companies that receive confirmation can obtain immediate depreciation or a tax credit for equipment investments, including buildings, if they make the investments within five years of the confirmation date.

Applications for certification of plans addressing rapid changes in international economic circumstances have also begun to be accepted.

The conditions are to receive confirmation under the Act on Strengthening Industrial Competitiveness between today and March 31, Reiwa 11, and to make equipment investments within five years of that date. Applications for plan confirmation are accepted at the nine regional bureaus of the Ministry of Economy, Trade and Industry nationwide.

Applications for certification of international economic circumstances change business adaptation plans are accepted by the ministry overseeing the relevant business. General inquiries are accepted by the Bold Investment Tax Incentive Support Center at 0570-093-930.

In addition to the application windows at the regional bureaus of the Ministry of Economy, Trade and Industry, the Industrial Creation Division of the Industrial Policy Bureau provides contact information by telephone at 03-3501-1511, extension 2691, and by email at bzl-daitanzeisei@meti.go.jp.