Japanese auto industry cautiously welcomes tax changes

Tokyo – The Japan Automobile Manufacturers and Dealers Associations (JAMA and JADA respectively) have welcomed the Japanese government’s abolition of the automobile acquisition tax to coincide with a rise in consumption tax to 10% provisionally scheduled for October 2015. But they are disappointed that elimination of the automobile tonnage tax has been postponed.

The JAMA and JADA chairmen said in a joint statement: “Our industry has, over many years, regularly requested the Japanese government to abolish the automobile acquisition tax and the automobile tonnage tax ……

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