From the 18th, the ruling parties will enter full-scale discussions on the tax system revision for next fiscal year.
In addition to expanding NISA, which supports individual asset management, we will also discuss how to deal with the increase in defense spending, and next month we will decide on the tax reform outline of the ruling party.
Both the Liberal Democratic Party and the Komeito Party will hold general meetings of the tax research committees on the 18th to begin full-scale discussions on the tax system revision for next fiscal year.
Among them, the theme is to expand the "NISA", which is tax-exempt for individual investors on the sale of stocks and investment trusts within a certain range. The focus is expected to be an unlimited period of tax exemption.
In addition, in the automobile-related tax system, the extension of the "eco-car tax exemption" that expires at the end of April next year and the spread of EVs (electric vehicles) are expected to result in a significant decrease in gasoline tax revenues. As an issue, new ways of taxation will also be considered.
In addition, discussions are expected to expand the "angel tax system" that allows individual investors to receive preferential income tax treatment when investing in startup companies, and to strengthen taxation on the wealthy.
Furthermore, regarding the increase in defense spending, tax increases will be considered in order to secure permanent financial resources.
The ruling party plans to finalize its outline for tax reform by the middle of next month.