Final adjustment for "50% decrease in sales and exemption of fixed assets" New Corona Economic Measures April 2 8:12
With economic measures following the spread of the new coronavirus, the government and the ruling party have made final adjustments to exempt the property tax on equipment and buildings of small and medium-sized enterprises from the full amount if sales decrease by more than 50%. Was.
In response to the spread of the economy, the government and the ruling party decided to suspend the payment of corporate tax and consumption tax for one year and exempt them from arrears and collateral for companies whose revenues decreased by more than 30%. I am.
In addition, if the property tax on equipment and buildings of small and medium-sized enterprises during the three months from February to October decreases by 30% to less than 50% compared to the same time in the previous year. Has entered into final adjustments in the direction of exempting half the price and excluding all if the price is reduced by more than 50%.
On the other hand, with regard to special measures for “mortgage tax cuts”, which are required to be occupied by the end of the year, in case of new construction due to delay in delivery of housing equipment, etc. If you have contracted by the end of November, the policy is to extend the occupancy period by one year until the end of next year.
The Liberal Democratic Party and the Komeito will meet on Wednesday to summarize these tax measures that will be incorporated into economic measures.