New Corona Tax Policy for Corporate Support Summary Liberal Tax Investigation Committee April 2 14:46
In response to economic measures following the spread of the new coronavirus, the Liberal Democratic Party's tax study committee has waived the payment of corporate tax and other taxes to companies whose income has decreased, and small and medium enterprises whose sales have continued to decrease have been exempted from property tax We summarized support measures such as doing.
The Liberal Democratic Party's tax investigation committee held a meeting on Tuesday to discuss the measures to support corporate financing. For companies whose income has decreased by more than 20%, the company has deferred the payment of corporate tax and consumption tax for one year, and has solidified its policy of exempting delinquent taxes and collateral.
In addition, the property tax and city planning tax on equipment and buildings of SMEs in the three months from February to October decreased by 30% to less than 50% compared to the same period of the previous year. In the event of a 50% reduction, the company will be exempted from the full price.
In addition, the policy to include measures to allow small- and medium-sized businesses with a deficit to receive a corporate tax refund retroactively to large companies with capital of 1 billion yen or less, etc. I would like to hold a Komeito party and the ruling taxation council to summarize.