Liberal civilization Decided to revise the tax reform outline Unmarried single parents also reduced income tax

Liberal civilization Decided to revise the tax reform outline Unmarried single parent also reduces income tax December 12 16:04

The Liberal Democratic Party and Komeito have officially decided on a tax reform outline for the next fiscal year that includes unmarried single parents reducing their income tax in the same way as spouses and divorced parents.

The Liberal Democratic Party and the Komeito Party met on December 12 with the President of the Tax Survey and the President of the Political Survey to formally determine the tax reform outline for next year.

The general rules will reduce income tax and resident tax for unmarried single parents as well as single parents who died or divorced from their spouse. "Widower exemption" is applied.

Also, in order to promote the introduction of the next-generation communication standard, 5G, if mobile phone companies that maintain base stations are recognized by the government review that parts with security risks are not used In the next two years, 15% of the investment amount is deducted from the corporate tax, or the amount that can be treated as a loss in one year is increased to 30% to reduce the corporate tax. .

In addition, in order to create an environment in which corporate retained earnings can be used for investment, domestic venture companies that meet certain requirements, such as those that have not been listed for two years from the next year and less than 10 years after their establishment, When investing more than 100 million yen, 25% of the investment is deducted from taxable income.

Regarding “NISA,” a preferential tax system for individual investors, the system will be extended for five years and the system will be revised after 2024, when the investment expires. Specifically, a new “reservation frame” of up to 200,000 yen per year, limited to relatively low-risk investment trusts, can be invested in stock as before, up to 1.20 million yen To create an “investment quota”.

The preferential taxation system “Tsumidate NISA” for long-term asset management will extend the deadline to 2042, and if it starts by 2023, it will secure a 20-year investment period.

The government and the ruling party will submit a tax-related bill that includes the contents of the outline to the ordinary parliament next year, aiming to enact it.