ANNOUNCEMENT 01 Apr 2013

The 2013 Research and Development Tax Credit System was created by the Ministry of Economy, Trade, and Industry (METI) to support Research and Development cooperation. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

METI (2015) 研究開発税制の強化・重点化 「Strengthen and prioritize R & D tax system」(JPN)
Available at:
https://www.meti.go.jp/policy/tech_promotion/tax/27FYRDzeisei.pdf

METI (2015) Outline of the FY2015 Revisions to the R&D Tax Credit System
Available at: (ENG)
https://www.meti.go.jp/english/policy/economy/Technical_Promotion/pdf/02.pdf

Inception date: 01 Apr 2013 | Removal date: open ended

Tax or social insurance relief

The 2013 Research and Development Tax Credit System was created by the Ministry of Economy, Trade, and Industry (METI). The tax credit system was created to support Open Innovation Initiatives. Open Innovation Initiatives are projects in which companies have joint or contracted research between separate companies or institutions. All companies that have an Open Innovation Initiative will receive credit rate based on the following equation: R&D expenses × 12%. However; organizations which are partnered with public interest corporations, local government agencies, etc., are limited to 8-10% tax credit. Furthermore, an additional 8-10% tax credit will be awarded for IP royalties.                           

 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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