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 … not only in the interest of vehicle users, but also to help avert any adverse impact on the Japanese economy and employment that might accompany a scheduled increase in the national consumption tax, and to secure greater fairness in Japan's tax system.

“The automobile industry intends to do everything within its capability to contribute to Japan's economic recovery.

“We … call upon the government to ensure that more extensive reform of Japan's auto-related tax regime is provided for in its Comprehensive Reform of the Tax System initiative for fiscal 2014.”

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

News release