LED Lighting to be Eligible for Tokyo Metropolitan Government Tax Incentives for Small and Medium-Sized Enterprises

The Tokyo Metropolitan Government (TMG) Bureau of Environment announced on March 30, 2012, that it would be adding LED (light-emitting diode) lighting to the list of devices eligible under the Energy Saving Tax Incentives for Small and Medium-Sized Enterprises as of July 1. The purpose of this program is to provide tax breaks to small and medium-sized enterprises that purchase energy-saving equipment as a measure against global warming.

Basically, small and medium-sized enterprises that submit a Report on Measures Against Global Warming get a reduction in corporate and individual enterprise taxes if they purchase energy-saving devices specified by the TMG for business premises that are not subject to mandatory reductions in total emissions of greenhouse gases. This tax incentive has been in effect since April 2009.

The following equipment has been specified by the TMG for installation to be eligible for the tax incentive: air-conditioning equipment, light fixtures, compact boilers, and renewable energy equipment. The LED lighting device category was added to the list of recommended equipment for installation in December 2011, after energy-saving performance standards were established for them under Japanese Industrial Standards (JIS).

Posted: 2012/07/2 06:00:15 AM

TAG Energy , Local government , System/Law