Reduction measure for property tax and city planning tax in 2021


The 2021 property tax and city planning tax for buildings and equipment owned by SME (Small and medium-sized enterprises) will be exempted. It is necessary to meet specific requirements and then apply for an exemption to the municipality. The fixed assets tax for 2020 is not covered by this mitigation measure. As a separate measure, there is a system where tax payment can be postponed for one year if business income decreases by 20% or more.

Filing deadline

January 31, 2021

Assets subject to mitigation

Office building and depreciable assets. The land is not covered. Assets owned as of January 1, 2021.


(1) SME (capital is 100 million yen or less) (2) The decrease in business income The business income during any consecutive three months from February to October 2020 has decreased compared to the same period of the previous year. Reduction of 30% to 50% → Reduce fixed asset taxes by 1/2 Reduction of 50% or more → Exemption from all fixed asset tax. (3) The target fixed assets are assets used for business.

Procedures / Documents

After obtaining confirmation by an accredited support organization (認定支援機関), apply for a reduction or exemption to the municipality.