02 April 2020 – Tax emptions for businesses suffering from decrease in sales

Type of Intervention: Financial Support
Sectors Involved: Finance
Level of Jurisdiction: National
Lead People/Agency:

Overview: The government has agreed to exempt firms from certain taxes (property, assets) if their sales decline by more than half from the previous year in any three-month period between February and October.
Full details here: https://www.reuters.com/article/us-health-coronavirus-japan-stimulus/japan-government-ruling-parties-agree-on-certain-tax-exemptions-for-firms-hit-by-pandemic-idUSKBN21K091

Type of Justification: No justification given