A law related to the tax reform for the new fiscal year 2024, which includes a fixed tax reduction of 40,000 yen per person and an expansion of the "wage increase tax system" to encourage small and medium-sized enterprises to raise wages, was passed and enacted at a plenary session of the House of Councilors. Did.
The tax reform-related laws for the new fiscal year were voted on at a plenary session of the House of Councilors on the afternoon of the 28th, and were passed and enacted with a majority of votes from both the Liberal Democratic Party and New Komeito Party.
The law states
that a fixed tax reduction of 40,000 yen per person per year, including income tax and resident tax, will be implemented from June this year.
Additionally,
with regard to the ``wage increase tax system,'' which reduces corporate taxes for companies that have raised wages, we will introduce measures that will allow tax reductions to be carried forward for up to five years, so that small and medium-sized enterprises that often end up in the red can apply them.
In addition
, regarding the lowering of the upper limit on the loan amount eligible for the mortgage tax reduction, the current upper limit will be maintained for households with children and young married couples for the purpose of childcare support,
and From this point of view, the bill also included tax reduction measures for companies that domestically produce critical supplies such as storage batteries and semiconductors.
On the other hand, the specific treatment of dependent deductions associated with the expansion of child allowances to high school students is not included in this law, and the government and ruling party have decided to proceed based on the reduction proposal presented in the tax reform outline last December. I am planning to draw a conclusion this year.