It turned out that the tax revenue of the national corporate tax last year increased by more than 3 trillion yen from the government estimate.
Despite being affected by the new coronavirus, corporate tax revenues are expected to reach record highs due to increased corporate tax revenues against the backdrop of so-called “needing demand” and improvements in new car sales.
In December last year, the government said that the spread of the new coronavirus would inevitably worsen corporate performance, and predicted that corporate tax revenue would decrease from 12.65 trillion yen, which was initially estimated in the budget, to 8.41.0 trillion yen. I was there.
However, according to the financial results of the general account of the country last year, which the Ministry of Finance plans to announce soon, it was found that the tax revenue of corporate tax reached 11.2 trillion yen, which was more than 3 trillion yen higher than the estimate.
Although the entire Japanese economy was affected by the new corona, many companies secured an increase in profits in industries such as electrical machinery and food due to rising demand for nesting, and business performance centered on the manufacturing industry, such as improved new car sales. This is because it is following a recovery trend.
In addition, consumption tax revenue was 21 trillion yen, an increase of 1.7 trillion yen from the estimate in December last year.
As a result, the total national tax revenue is expected to reach 60.8 trillion yen, exceeding the tax revenue in FY2018 and setting a new record high.