| Name of Ordinance |
Ordinance regarding special prefectural tax exemption for promotion of establishment of enterprises |
| Details |
Any corporate business that carries out the development of new facilities designated by Miyagi prefectural government during the period 1st April 2008 to 31st March 2013 will be exempt from business tax relating to that facility and will only have to pay half the normal real estate acquisition tax and fixed asset tax. |
| Target Conditions |
(1) The facility is used in the manufacturing industry
(2) The facility is made up of depreciable assets whose total purchase value exceeds 100 million yen
(3) The facility is associated with the acquisition of buildings used in the manufacturing industry
(4) As a result of the facility being used for manufacturing services, the facility's workforce will have increased by 3 or more workers |
| Tax Exemptions/
Reductions
|
Business tax |
3 fiscal years of business tax from the day the facility started being used in the manufacturing industry (excluding size-based corporate taxes) |
| Real estate acquisition tax |
Real estate acquisition tax related to the building and the land |
| Prefectural fixed property tax |
After the acquisition of the facility, 3 years of prefectural fixed property tax starting from the day that a new prefectural fixed property tax was applied |
| Target area |
Underpopulated area |
Agricultural and industrial area |
Integrated high-tech industrial area |
Island development area |
Areas in the vicinity of nuclear power station and other such facilities |
| Target conditions |
Acquisition value of 25 million yen for Manufacturing industry,
software industry, hotel business, industrial production facilities,
etc. |
- Acquisition value of 30 million yen for industry production
facilities, etc.
- Transportation business, cargo business, packing business, wholesales
business
* More than 15 employees.
* Acquisition value of 30 million yen for building and equipment.
|
- |
- Acquisition value of 29 million yen for Manufacturing industry,
software industry, hotel business, industrial production facilities,
etc. |
- Acquisition value of 27 million yen for industry production
facilities, etc.
- Transportation business, cargo business, packing business, wholesales
business
* More than 15 employees.
* Acquisition value of 27 million yen for building and equipment. |
| National tax |
Special treatment for purchase of property for business
purposes |
ok |
ok |
- |
ok |
- |
| Special provisions for depreciation of business property |
Equipment: 11%
Building, etc. 7% |
Equipment: 8%
Building, etc. 4% |
Equipment: 14%
Building, etc. 7%
(until August 31, 2007) |
Equipment: 11%
Building, etc. 7% |
- |
| Prefectural tax |
Business tax |
Tax exemption (max. 3 yrs) |
Tax exemption (max. 3 yrs) |
- |
Tax exemption (max. 3 yrs) |
Taxation on a differential basis |
| Fixed property tax |
Tax exemption (max. 3 yrs) |
Tax exemption (max. 3 yrs) |
- |
Tax exemption (max. 3 yrs) |
Taxation on a differential basis |
| Real estate acquisition tax |
Tax exemption |
Tax exemption |
- |
Tax exemption |
Taxation on a differential basis |
| Municipal Tax |
Fixed property tax |
Tax exemption (max. 3 yrs) |
Tax exemption (max. 3 yrs) |
- |
Tax exemption (max. 3 yrs) |
Taxation on a differential basis |
| Special land holding tax |
Tax-free |
Tax-free |
Tax-free |
Tax-free |
- |
updated
: 2009-12-18
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