Japan to slash sales tax on food as inflation bites
AFP | Published 6 minutes ago Japan will temporarily slash consumption tax on food from 8% to just 1% starting next April, the prime minister said on Thursday,…
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Summary
From April, Japan will implement "the lowering of our sales tax on food and beverages to 1% for two years", Takaichi said. The current rate will then be reinstated in 2029 to coincide with the introduction of more "meticulous subsidies" targeting lower-income workers burdened by rising social insurance premiums, she said.
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From April, Japan will implement "the lowering of our sales tax on food and beverages to 1% for two years", Takaichi said.
according to IOL (Independent Online)The current rate will then be reinstated in 2029 to coincide with the introduction of more "meticulous subsidies" targeting lower-income workers burdened by rising social insurance premiums, she said.
according to IOL (Independent Online)
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