LDP tax adjustment Adjusted by reduction of tax on property tax for small and medium-sized enterprises with reduced sales March 30 20:11
Liberal Democratic Party's tax commissions are helping businesses finance their businesses over economic measures following the spread of the new coronavirus by reducing property taxes on equipment and buildings for small and medium-sized businesses, whose sales are declining. I decided to adjust in the direction.
Executives met on the afternoon of Thursday afternoon of the Liberal Democratic Party's tax investigation committee, which is considering tax measures to support corporate financing.
For companies whose income has decreased by more than 30%, the payment of corporate tax and consumption tax is deferred for one year, exempt from delinquent taxes and collateral, and small and medium-sized enterprises whose sales continue to decrease are We have decided to adjust this property tax to a half exemption or a full exemption depending on the decline in sales.
In addition, if small and medium-sized enterprises suffer a deficit due to a decline in profits, the Company plans to extend the scope of measures to refund corporate tax retroactively to some large enterprises that have fallen significantly in the red.
In order to further support telework, SMEs that have introduced the necessary equipment will be given incentives such as deducting part of the investment from tax.
The Liberal Democratic Party will hold a ruling tax council with the New Komeito on March 31 to coordinate tax measures to be included in economic measures that the government will compile next week.