Postponement consumption tax increase leads to rescheduling of other fiscal measures
The government has formally decided to postpone a number of fiscal measures, as the planned Consumption Tax increase to 10% was delayed to 2019 earlier this year. Fiscal benefits when buying a house and the new taxation system for cars, which were scheduled for introduction next year, have been rescheduled to be implemented in April 2019.
An introduction of a new invoice system necessary for the introduction of the diversified tax consumption tax rates, will be postponed from 2021 to 2023.
Source: Nikkei Online