Related

Postponement of VAT increase impacts other fiscal reform

Taxation outline

Nikkei Online reports on June 2 that the second postponement of the VAT increase to October 2019 is likely to have an impact on other planned fiscal reforms as well.

The government and ruling parties are also investigating postponement of the planned new automobile tax, which was scheduled to be introduced simultaneously with the VAT increase in April 2017. Also, with no VAT-increase next year, the diversified consumption tax rates for foodstuffs is also off the books for the time being.  Additionally, the tax-break measure on housing loans, which was meant to support the economy at a time of fiscal increases until June 2019 is presently under consideration for an extension beyond October 2019, the date the VAT increase is planned now.

Source: Nikkei Online, 自動車新税の先送り検討 増税再延期、税制改正に余波 (June 2, 2016)

EU-Japan Centre's News

More
The EU Business Hub @ Semicon Japan 2025 Business Mission, taking place from 15 - 19 December 2025…
The EU-Japan Centre for Industrial Cooperation is recruiting a Project Coordinator in Brussels,…
The EU-Japan Centre for Industrial Cooperation is recruiting a Project Coordinator in Brussels,…
The Minerva Policy Reports deliver comprehensive research on the dynamic political, economic, and…
The EU Japan Centre is releasing a weekly press review covering Japan's economic and policy matters…
The EU Japan Centre is releasing a weekly press review covering Japan's economic and policy matters…

Events

More
Japan
06/10/2025 - 10/10/2025
Mission dates: 06 - 10 Oct 2025 Applications are now closed for this year session.  Are you running a business that operates in the Biotech and Pharma sector? Would you like to present your …
Japan
14/10/2025 - 17/10/2025
Session dates: 14 - 17 October 2025 Application for the 2025 mission are now closed.  Want to receive updates about the 2026 call? Get in touch at een-mission@eu-japan.eu  --- Are you running a…
Subscribe to
our newsletters

The EU-Japan Centre currently produces 5 newsletters :

  • EU-Japan NEWS - our flagship newsletter covering the Centre's support services, information about EU (or Member States) - Japan cooperation
  • Japanese Industry and Policy News
  • “About Japan” e-News (Only available for EU companies / EU organisations)
  • Japan Tax and Public Procurement Weekly Tender Digest (Only available for EU companies / EU organisations)
  • Tech Transfer Helpdesk Newsletter
Subscribe