January tax revenues sink 10.4% on plunge in corporate tax revenues+

TOKYO, March 2 Kyodo - Japanese tax revenues sank 10.4 percent in January from a year earlier to 3,555.91 billion yen with continued plunges in corporate tax receipts amid the sharp economic downturn, the Finance Ministry said Monday.

Corporate tax revenues tumbled 30.4 percent from a year before to 221.93
billion yen due to falling profits of companies affected by the rapidly
worsening global economy.
Personal income tax revenues slid 13.8 percent to 1,814.70 billion yen, as
levies on capital gains through stock transactions sharply dropped with the
slumping stock market.
Consumption tax revenues gained 3.2 percent to 786.04 billion yen, with the
amount of refunds for sales tax declining amid falling exports and corporate
capital investment.
Export transactions and business fixed investment are exempt from consumption
tax. Exporters and businesses can get refunds for the amount of sales tax they
paid for goods for exports and capital spending.
Among other tax items, liquor tax revenues dipped 9.8 percent to 115.80 billion
yen, while tobacco tax receipts slipped 5.9 percent to 81.16 billion yen, the
ministry said.
==Kyodo
2009-03-02 22:33:45