Liberal Democratic Party tax adjustment Adjusted by curbing the burden of property tax on commercial land only next year

Liberal Democratic Party tax adjustment Adjusted by curbing the burden of property tax on commercial land only next year 5:04 on November 17

With the tax reform next year, the Liberal Democratic Party's tax system investigation committee will take special tax measures only next year so that the burden of property tax on commercial areas will not increase in light of the impact of the new coronavirus. On nearly 99% of the land, we have decided to reduce the tax amount or make adjustments to keep it unchanged.

The property tax on land is reviewed every three years, and the land price has been on the rise for the next three years, and will be levied based on the January land price announcement.

However, the Liberal Democratic Party's tax system investigation committee will take special tax measures only next year so that the burden of property tax on commercial areas will not increase, considering that the new coronavirus has a prolonged impact on corporate management. It is a policy.

Specifically, in order to expand the scope of commercial areas where the tax amount remains unchanged, we are making adjustments to reduce the taxation level, which is currently limited to 60% of the valuation amount, to 47.5%.

This will reduce or defer tax amounts in nearly 99% of all commercial areas.

In addition, for land with a tax increase of more than 1%, the amount of tax increase will be reduced to half only next year.

The Liberal Democratic Party's tax system investigation committee will start full-scale discussions for next year's tax system revision from 19th, and based on this proposal, will proceed with discussions with the Komeito party.