Japan tax revenue hits record 84.2 trillion yen as corporate earnings reach bubble-era highs Japan tax revenue reached a record 84.2 trillion yen in fiscal 2025, surpassing forecasts as corporate …
tax
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Politics
Prime Minister Takaichi declares food tax cut will revert after two years
by Sui Yuitoby Sui YuitoTakaichi Says Food Consumption Tax Cut Will Be Reversed Two Years After Implementation On June 22, Prime Minister Sanae Takaichi told the Diet the proposed food consumption tax cut is …
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Japan’s LDP Proposes Two‑Year Cut to Food Consumption Tax to 1% LDP chair Itsunori Onodera proposed lowering Japan’s food consumption tax to 1% for two years from April 2027, with …
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Business
Turkey Suspends BYD Import Tax Exemptions and Warns of $1 Billion Repayment
by Sato Asahiby Sato AsahiBYD Turkey plant faces tax-exemption suspension as construction stalls Turkey suspends import tax exemptions for BYD and warns of possible $1bn repayment after the electric vehicle maker missed construction deadlines …
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Politics
Japan Shifts Consumption Tax Cut for Food From Zero to One Percent
by Sui Yuitoby Sui YuitoGovernment pivots to 1% consumption tax cut on food to speed rollout Japan’s government has shifted course to a 1% consumption tax cut on food, citing register upgrades and speed …
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Japan to Implement Food Consumption Tax Cut of 1% from April 2027 Japan’s government plans a two-year food consumption tax cut to 1% from April 2027, prioritizing rapid implementation while …
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Business
Marcos struggles to court Japanese investors over Philippine tax and corruption during Tokyo visit
by Sato Asahiby Sato AsahiMarcos Jr. state visit to Japan highlights security gains as tax and corruption fears dampen investor enthusiasm Marcos Jr.’s state visit to Japan on May 26, 2026 seeks deeper security …
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Politics
Japan finalizes framework for benefit-linked tax credit but leaves income thresholds undecided
by Sui Yuitoby Sui YuitoBenefit-linked tax credit (給付付き税額控除): Framework Agreed but Key Parameters Remain Undecided Government presents outline for benefit-linked tax credit; lower eligibility tied to social insurance threshold, but who receives how much …