Japan plans tax breaks for 10 years to boost EV, chip production - Nikkei
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The Japanese government plans to offer tax incentives for a decade to boost mass production in areas including electric vehicle (EV) production and semiconductor devices manufacturing. Other sectors that may receive tax benefits include sustainable aviation fuels, green steel, and green chemicals. The tax breaks will include 400,000 yen for each EV, 30 yen per liter of sustainable aviation fuel, and 20,000 yen for each tonne of green steel. The tax breaks for semiconductors will be up to 20% on corporate income tax.
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