Tax receipts climb 0.8% to 4 trillion yen

Japan’s tax receipts amounted to 4.073 trillion yen in February, up 0.8 percent from a year earlier, the Finance Ministry said Monday.

However, combined tax revenues during the April-February period dropped 7.6 percent to 33.062 trillion yen from the previous year, the ministry said.

The total makes up 72.4 percent of the ministry’s projection of 45.678 trillion yen in tax revenue for all of fiscal 1999, which ended Friday.

A ministry official said there was nothing conspicuous about the February data, adding that receipts for fiscal 1999 have so far matched the ministry’s expectations.

Revenue from income tax dropped 7.8 percent to 733.47 billion yen, with revenue from tax withheld from paychecks down 8.4 percent to 660.82 billion yen and that from declared income tax down 1.5 percent to 72.64 billion yen.

Corporate tax receipts advanced 12.5 percent to 838.73 billion yen due to technical factors. Consumption tax revenue amounted to 1.625 trillion yen, a fall of 0.1 percent.