Business / Economy Jun 28, 2016

Tax revenue falls short of government estimate

Tax revenue collected by the central government in fiscal 2015 totaled around ¥56.28 trillion, government sources said, falling short of estimates as corporate tax revenue was reduced by the effects of a firming yen. For the past year to March 31, corporate tax revenue totaled ...

Business Jul 3, 2015

Fiscal 2014 tax revenue soars to highest in 21 years

The government said Friday that tax revenue in fiscal 2014 climbed to ¥54.0 trillion ($438.4 billion), the highest since 1993, thanks to a jump in corporate tax receipts and the first stage of the doubling of the consumption tax. Revenue climbed 14.9 percent on year, ...

Business Dec 2, 2014

Tax revenue may reach highest level in 17 years

Central government tax revenue may reach its highest level in 17 years in fiscal 2014 on the back of the April 1 consumption tax hike and growth in corporate and individual income tax receipts, Finance Ministry officials said. Tax revenue is estimated to total around ...

Business Mar 3, 2014

Capital gains spark 21.5% revenue lift

Tax revenues surged 21.5 percent in January from a year earlier to ¥4.110 trillion on the back of a growth in recipients from taxes on capital gains, the Finance Ministry said Monday. Revenues from withholding income tax jumped 40.8 percent to ¥2.267 trillion, as many ...

Ibaraki to change nuke tax amid shutdown

Business Nov 14, 2013

Ibaraki to change nuke tax amid shutdown

The Ibaraki Prefectural Government plans to change its nuclear fuel tax system to secure revenue even though reactors remain shut down in light of the Fukushima disaster, sources said Thursday. With the change, the prefecture expects to collect ¥8.8 billion in nuclear fuel taxes over ...