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In order to minimize the revenue gap among local governments, a certain portion of the corporate enterprise tax will be replaced by the newly-introduced "Special corporate local tax". This tax will be collected by the national government first, then allocated to the respective local governments. At the same time, the standard rate of corporate enterprise tax will be amended for fiscal years beginning on or after October 1, 2008. |
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Prior to amendment |
Amended |
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Corporate enterprise tax |
Corporate enterprise tax |
Special corporate local tax |
Total |
| Corporations with capital above 100 million yen |
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Annual taxable income of
4 million or less |
3.8% |
1.5% |
2.22% |
3.72% |
| Annual taxable income exceeds 4 million but less than 8 million |
5.5% |
2.2% |
3.256% |
5.456% |
Annual taxable income exceeds 8 million and
final taxable income |
7.2% |
2.9% |
4.292% |
7.192% |
| Corporations with capital of 100 million yen or less |
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| Annual taxable income of 4 million or less |
5% |
2.7% |
2.187% |
4.887% |
| Annual taxable income exceeds 4 million but less than 8 million |
7.3% |
4.0% |
3.24% |
7.24% |
Annual taxable income exceeds 8 million and
final taxable income |
9.6% |
5.3% |
4.293% |
9.593% |
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