Emergency Economic Measures What are the tax measures, such as measures to reduce the burden on companies? Apr 7 20:54
The urgent economic measures include measures to reduce the burden on companies that have been severely affected and extend measures introduced to support the economy, such as tax cuts on mortgage loans, as tax measures. Was
Postponement of corporate tax and consumption tax
For corporations and freelancers, including freelancers, whose income has decreased significantly, we will suspend the payment of national taxes such as corporate tax, consumption tax, income tax, and the collection of local taxes such as property tax for one year.
This applies if your income has declined by more than 20% over the month since February, compared to the same time in the previous year.
In general, if tax payment or collection is deferred, in principle, security must be provided, and arrears and arrears are imposed, but this time, as exemptions, both are exempted.
If grace is granted, payment of social insurance premiums such as pensions and health insurance will be deferred as well.
It is expected that these tax payments and the postponement of social insurance premiums will reduce the burden of about 26 trillion yen.
Reduction of property tax
SMEs and sole proprietors, whose sales continue to decline, are exempting property taxes and city planning taxes on equipment and buildings only for the next year (the 3rd year of Reiwa) for one year.
From February to October, if the decrease in sales for the three months from the same period of the previous year is 30% or more and less than 50%, it is half price, if it is 50% or more, it is full amount Exempt
The reduction in local taxes resulting from this measure will be fully covered by government expenses.
Expand `` return refund ''
In the event of a deficit, we will expand the “return refund” system, which allows you to receive a refund of the corporate tax amount going back to the past business year. Normally, this applies to small and medium-sized businesses that make “blue returns” by declaring income by putting income and expenditures on books, but as a special case, it also applies to large companies with capital of 1 billion yen or less. Spread.
Event funding support
The event was canceled in response to the government's request for self-restraint and as a result of the event, the organizer suffered a large loss.If the buyer did not request a refund for tickets for cultural, artistic and sporting events, the amount was donated. Apply "donation deduction" to reduce tax burden.
By reducing ticket refund payments, we can keep cash on hand and support cash flow.
Promotion of telework of small and medium enterprises
Encourage corporate telework to spread due to the spread of infection.
We will provide preferential treatment to small and medium-sized businesses and sole proprietors who have introduced equipment necessary for telework and equipment for videoconferencing, such as deducting up to 10% of the acquisition price from the corporate tax amount.
"Mortgage for home loan tax" extension
Regarding the special measures to extend the period of receiving the “mortgage loan tax reduction” to 13 years in accordance with the consumption tax hike in October of last year, the occupation deadline by the end of the year will be one year until the end of the next year , Extend.
For people whose housing construction has been delayed due to the spread of the infection and who can move in late, contracts must be completed by the end of September in the case of new construction and by the end of November in the case of built-for-sale or second-hand housing. Is required.
Extension of “Environmental Performance Discount”
The “Environmental Performance Discount” tax, which is based on fuel efficiency when a car is acquired, will also extend the deadline for reduction measures to reduce the tax rate by 1% from the end of September to the end of March next year for six months.
The reduction in local taxes resulting from this measure will be fully covered by government expenses.