The Ministry of Education, Culture, Sports, Science and Technology has summarized the results related to education, culture, science and technology that it requested for the 2023 tax reform.Expansion of gift tax exemption measures for lump-sum donations of educational funds, expansion and extension of special deductions for corporate tax, etc., when conducting experimental research, abolition or taxation of special corporate tax on reserves for retirement and other pension benefits Ten items, including extension of suspension, were recognized.
According to the Ministry of Education, Culture, Sports, Science and Technology, in the joint request with the Financial Services Agency to expand gift tax exemption measures for those who receive a lump-sum gift of educational funds, the applicable period can be extended by three years in the case of a lump-sum gift from grandparents to grandchildren. decided.
Regarding the expansion of special deductions such as the corporate tax amount when conducting experimental research, which was jointly requested with the Ministry of Economy, Trade and Industry, the definition of start-up companies will be revised and the scope will be greatly expanded. If a company hires an employee from outside, a portion of the personnel cost will be tax-deductible.
Suspension of special corporate tax in response to the joint request with the Ministry of Health, Labor and Welfare, the Ministry of Finance, the Ministry of Internal Affairs and Communications, the Ministry of Agriculture, Forestry and Fisheries, the Ministry of Economy, Trade and Industry, and the Financial Services Agency to abolish or extend the suspension of special corporate tax on reserves for retirement and other pension benefits. An extension of the measure for three years was granted.
As part of the expansion of the special measures for the tax base of Noh theaters owned and acquired by public interest corporations, the fixed asset tax, city planning tax, and real estate acquisition tax will be reduced by half for two years.
