Japan FY 2018 Tax Revenue Hits Record High

Politics Lifestyle

Tokyo, July 2 (Jiji Press)--The Japanese government's general-account tax revenue in fiscal 2018 hit a record high of 60,356.4 billion yen, the Finance Ministry said Tuesday.

The revenue, which had been estimated at 59,928 billion yen, exceeded the previous record of 60,105.9 billion yen marked in fiscal 1990 during the asset inflation-driven bubble economy era.

In fiscal 2017, the total national tax revenue was 58,787.5 billion yen.

In fiscal 2018, which ended in March this year, income tax revenue logged a 24-year high of 19,900.6 billion yen on the back of growth in salaries and dividends.

The income tax revenue was some 430 billion yen larger than expected.

[Copyright The Jiji Press, Ltd.]

Jiji Press