Governance of corporate tax and consumption tax and reduction or exemption of property tax
The Liberal Democratic Party and the Komeito party have suspended the payment of corporate tax and other taxes to companies with reduced income at the ruling tax council over economic measures following the spread of the new coronavirus infection, and small and medium-sized businesses whose sales continue to decrease We have compiled support measures such as exemption from property tax.
By doing so, for measures to support the company's cash flow, for companies whose income has decreased by more than 20%, we will suspend the payment of corporate tax and consumption tax for one year and exempt them from arrears tax and collateral doing.
In addition, property tax and city planning tax on equipment and buildings of small and medium-sized enterprises, from February to October, the sales for the three months from 30% to 50% of the same period of the previous year Exemption will be exempted if the amount is less than 50%, and the full amount will be exempted if the amount is reduced by more than 50%.
In addition, the company will extend the scope of measures for small and medium-sized enterprises with a deficit to receive a corporate tax refund in the past to companies with capital of 1 billion yen or less among large enterprises.
On the other hand, since the event continues to request self-restraint, the tax refund will be given to buyers who did not request a ticket refund by deducting the amount from their income as a donation and deducting it from their income. To help you keep your money on hand.
In addition, as for the special measures for “mortgage loan tax reduction”, which is required to move in by the end of the year, due to delays in the delivery of housing equipment, in the case of new construction, by the end of September, used houses, etc. In the case of, if you have contracted by the end of November, the occupancy period will be extended by one year until the end of next year.
In addition, the tax on fuel efficiency required to acquire a car means that the tax cut will be reduced by 1% and the mitigation period will be extended by half a year until the end of March next year. These support measures are expected to be included in economic measures that the government will summarize next week.