Tax revenues in fiscal 2000 will probably exceed the projected 49.895 trillion yen due to higher corporate and income tax receipts, Finance Ministry officials said Friday.
A ministry official, announcing tax data for April, said the possibility of a tax shortfall in the year through March 31 is low.
Tax revenues for April increased 3.9 percent from a year earlier to 4.095 trillion yen, with total tax revenue so far for fiscal 2000 totaling 42.942 trillion yen, up 8.9 percent from the year before.
Tax revenues are likely to top 50 trillion yen in fiscal 2000 for the first time in three years.
Revenue is increasing because of increases in income tax receipts and in corporate activity.
Tax receipts for fiscal 2000 will be determined after the ministry receives corporate tax in May from companies that close their books in March.
In April, income tax revenue rose 9 percent to 2.526 trillion yen, while corporate tax receipts fell 7.3 percent to 407.64 billion yen.
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