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Japan R&D Tax Breaks to Extend to Video Service Development Costs

Japan R&D Tax Breaks to Extend to Video Service Development Costs

   Tokyo, Nov. 22 (Jiji Press)--Japan's government and ruling bloc are considering making costs to develop software for online video distribution services eligible for research and development tax breaks, informed sources have said.
   The R&D tax break system allows companies to deduct amounts equivalent to part of their R&D costs from their corporate taxes according to the sizes of their investments.
   Currently, expenses to develop packaged software delivered directly to users are eligible for the tax breaks. Now, the government and the Liberal Democratic Party-led ruling bloc are considering extending the system to newly cover software used online, the sources said.
   Also being considered are R&D tax breaks for costs of companies to develop software to improve their own operations, such as image recognition software and algorithms for business streamlining at financial institutions.
   In the United States, digital companies, such as Amazon.com Inc. and Netflix Inc. with powerful online video streaming services, are increasing their presence.

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AFP-JIJI PRESS NEWS JOURNAL


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