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Materials on Corporate Taxation

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(Notes)
1. Corporation tax revenue figures are based on final accounts through FY2024, revised budget estimates for FY2025, and initial budget estimates for FY2026.
2. Income (before net operating loss carryforward deduction) is based on the National Tax Agency’s Corporate Sample Survey. For data up to FY2005, the figures are based on business years ending between February 1 of the relevant year and January 31 of the following year. For FY2006 and thereafter, the figures are based on business years ending between April 1 of the relevant year and March 31 of the following year.

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●  Tax rates will be reduced while securing revenue by expanding the tax base through system reforms.
→ The statutory corporation tax rates (for national and local taxes) were reduced to “below the 30% level”
    in FY2016.
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