Is Japanese consumption tax high or low?
Iroha
Today I'm talking about Japanese consumption tax.
Tina
Yes. Please
First, I tell you the consumption tax history in Japanese
Apr. 1989~ ３％
Apr. 1997~ ５％
Apr. 2014~ ８％
And now
Oct. 2019~ Standard tax rate10 ％
Reduced tax rate ８％
Apr. 1989~ ３％
Apr. 1997~ ５％
Apr. 2014~ ８％
And now
Oct. 2019~ Standard tax rate10 ％
Reduced tax rate ８％
It's gradually increasing .
What's difference between Standard and Reduced ?
What's difference between Standard and Reduced ?
In Japan today, there are 10% taxable products and 8% taxable ones.
For example, groceries are 8% excluding alcohol and eating out
For example, groceries are 8% excluding alcohol and eating out
In addition, up to 2020/06/30, 2~5% will be returned if you make a cashless payment!
Really?
It's a great deal if we know that.
It's a great deal if we know that.
But in the world, is this consumption tax high or low?
It ’s still cheaper than the world
Today, the highest is 27% in Hungary
and the lowest is 5% in Taiwan or Canada
and the lowest is 5% in Taiwan or Canada
Is that so.
So Japanese taxes are cheap.
So Japanese taxes are cheap.
Actually not.
Consumption taxes are cheap, but other taxes are quite high.
I'll talk about that again.
Consumption taxes are cheap, but other taxes are quite high.
I'll talk about that again.
Oh, I see.
