Government agencies and ministries have submitted their tax system reform requests for fiscal 2026, including steps in support of companies affected by the high tariff policy of the United States.
The ruling Liberal Democratic Party and its coalition partner, Komeito, will screen the requests at their tax panels, aiming to draw up late this year tax reform guidelines for the fiscal year starting next April.
To enact related legislation, however, the ruling parties, now short of the majority in both chambers of parliament, need to coordinate with the opposition camp, which is calling for large-scale tax reductions.
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