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Robert Couse-Baker via pxhere
The amount of gasoline consumption should not go over 25.4 kilometers per liter, according to the regulations now in effect in Japan. Only the first seven years after purchase are totally tax deductible for vehicles that surpass this threshold by 20%.
Only a 50% tax benefit is given for the first required inspection, which happens three years after the car is purchased, for those who meet the aim of 75% fuel economy. Only those whose automobile exceeds the objective by 40% are eligible for the rebate.
Beginning in January 2024, the authorities plan to tighten these regulations. Owners of vehicles that exceed the aim by 20% would earn a 50% discount under the country's tax authority proposal, while only those whose vehicles exceed the target by no more than 30% would be eligible for the deduction of 25%. Diesel cars will be subject to similar regulations.
source: asia.nikkei.com
Only a 50% tax benefit is given for the first required inspection, which happens three years after the car is purchased, for those who meet the aim of 75% fuel economy. Only those whose automobile exceeds the objective by 40% are eligible for the rebate.
Beginning in January 2024, the authorities plan to tighten these regulations. Owners of vehicles that exceed the aim by 20% would earn a 50% discount under the country's tax authority proposal, while only those whose vehicles exceed the target by no more than 30% would be eligible for the deduction of 25%. Diesel cars will be subject to similar regulations.
source: asia.nikkei.com
