Japan’s Tax Revenue Rises 17.9% in July

Tax revenues for the Japanese government jumped 17.9 percent in July from a year earlier to 5,498 billion yen as receipts from individual income tax rose due in part to growth in summer bonuses, the Finance Ministry said Monday.

Individual income tax revenue increased 15.8 percent to 3,342 billion yen, while that from consumption tax — whose rate was raised to 8 percent from 5 percent on April 1 — rose 17.5 percent to 1,184 billion yen.

Revenues from corporate income tax rose, but those from tobacco and alcohol taxes dropped against a backdrop of sluggish sales in such products following the first consumption tax hike in 17 years.

via Mainichi

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