Consumption tax rate of 10% on October 2 at 4:53 to focus on preventing economic downturn
Along with the increase in the consumption tax rate to 10%, the government's economic measures such as the return of cashless payment points began on the 1st. The focus is on whether the measures can prevent the economic downturn after the tax increase.
The consumption tax rate has been raised from 8% to 10% a day, and in response to this, when cashless payments are made at small and medium-sized stores, a system has been started in which a maximum of 5% is returned in points.
Only about 500,000 stores were able to participate in the system from the first day, which is about a quarter of the stores that can be targeted. The government wants to encourage further participation in order to prevent a decrease in sales of small and medium-sized stores. It is said.
In addition to the economic measures, the “mortgage tax cut” has been expanded to reduce the burden on buyers so that housing sales will not decline due to the tax increase. In addition, automobile purchases are targeted at those who have purchased new cars after the tax increase. Measures such as “automobile tax” will be permanently reduced.
In addition, the “Gift with Premium” sold to child-rearing households with low-income earners and small infants will be made available to local governments.
With consumers pointing to savings and lowering consumer confidence, the focus will be to penetrate these measures and prevent the economic downturn after the tax increase as the government aims.