Last year's corporate tax return decreased by more than 1.2 trillion yen from the previous year Corona impact

Last year's corporate tax return decreased by more than 1.2 trillion yen from the previous year Corona impact November 5, 16:06

According to the National Tax Agency's summary, the total amount of corporate tax filed by domestic companies in the year ending March was about 11.5 trillion yen, a decrease of about 1.2 trillion yen from the previous year. It was.

The NTA believes that the cause was the deterioration of business performance due to the effects of the new coronavirus.

On the 5th, the NTA announced the status of corporate tax filing last year.

According to this, the total income of the 2.94 million corporations that filed tax returns was 65,5.2 trillion yen, a decrease of 8,381.3 billion yen, or 11.4%, from the previous year.

The total income of domestic corporations fell below the previous year for the first time in 10 years since 2009, which was affected by the Lehman shock, and the NTA believes that the impact of the new coronavirus has deteriorated business performance. I will.

As a result, the total amount of corporate tax returns was 11,554.6 billion yen, a decrease of 1,237.6 billion yen, or 9.7%, compared to the previous year.

This year, when the impact has expanded, such as when a state of emergency was declared in April, there is a possibility that corporate income and the amount of corporate tax returns will decrease further, and if corporate tax revenue, which accounts for about 20% of national tax revenue, falls. , The deterioration of the financial situation is inevitable.

Expert "Expected further decline this year"

Regarding the decrease in corporate tax returns last year, SMBC Nikko Securities' senior economist Koya Miyamae said, "Profits have declined in a wide range of industries as a result of factory shutdowns and refraining from going out due to the effects of the new coronavirus. That is a big cause. "

Regarding the status of corporate tax this year, "In April and May, when the state of emergency was declared, corporate activities were particularly affected, so it is expected to decline further. When tax revenues decrease, government bonds will be issued. It will survive and put a burden on the future. It is necessary for the country to set a solid goal for financial soundness and to support companies until it returns to the conventional situation. "