Japan to Temporarily Reduce Consumption Tax on Food to 1%
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Prime Minister Suga has announced plans to temporarily reduce the consumption tax on food products to 1% for two years starting from April next year. This move aims to ease the burden of rising food prices on low and middle-income earners. The reduction will be effective from next April and is expected to last for two years. The government plans to provide subsidies to low and middle-income households to achieve a 'substantially zero tax rate'. This is the first time that the consumption tax rate has been lowered since it was introduced in Japan in 1989.
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食料品の消費税減税 高市総理が今週にも表明の見通し “来年4月から1%案” 麻生氏らと会談し、理解求めたか https://t.co/DF3...
高市総理 食料品の消費税減税めぐり「政府・与党で方針を早急に検討」 国民会議で中間とりまとめ案を報告 https://t.co/J7e0AO...
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飲食料品の消費税率を「1％」に引き下げる方針 高市首相が表明 記事を読む
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