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Main contents of 2002 taxation system revision

Last update date December 28, 2018

  1. Finance, the securities taxation system (municipal tax, prefectural tax, income tax): Income calculation to modify transfers such as listed stocks in exception/3 identification account modifying review/2 long-term (more than one year) possession listed stocks of report separate taxation that 1 stock affect transfer gain and reorganization to non-taxable small savings system for foundation/4 people with a disability of exception that is report-free
  2. The foundation (corporation taxes) of connection tax payment system
  3. Revisions such as general inspection systems in property tax: The foundation of reading system of revised/2 fixed assets tax roll of 1 general inspection system, proof systems such as prices
  4. Others: Raise in abolition (municipal tax, prefectural tax, income tax)/2 tax-free limit of 39% tax rate for long-term capital gains such as 1 land (municipal tax, prefectural tax)

Review of report separate taxation that 1 stock affect transfer gain

Oh, unification to report separate taxation of stock transfer gain to affect listed stocks

About unification to report separate taxation planned on April 1, 2003, it is carried out from January 1, 2003 (we defeat three months ago).

Reduction of tax rate of report separate taxation to affect i listed stocks

About tax rate when we transferred listed stocks after January 1, 2003, it is reduced by 20%.

The foundation of carrying forward subtraction system of transfer loss to affect place stocks in cormorant

About amount of money that we cannot subtract in the year, it lasts for three years after the next year, and, in amounts of money of loss that occurred by having transferred listed stocks after January 1, 2003, it is decided to be able to subtract carrying forward from amounts of money such as capital gains to modify stocks.

Exception to affect possession listed stocks for 2 long terms (more than one year)

Oh, it is founded exception of provisional tax rate

Tax rate when we transferred listed stocks of possession more than one year between January 1, 2003 and December 31, 2005 is assumed 10% (2% of municipal tax, prefectural tax 1%, income tax 7%) regardless of 1 i (20% of tax rates) mentioned above.

Extension of I-100 ten thousand Japanese yen exception subtraction

About special subtraction of 1 million yen to affect capital gains such as long-term possession listed stocks, deadline for application is extended until December 31, 2005.

<reference> List of application tax rates
Type of taxation-For 14 yearsFor 15 yearsFor 16 yearsFor 17 yearsFor 18 years
Separate taxation at source-*1.05% of trading values
(only as for the income tax)
The abolition
Report separate taxationListed stocks26%
(4% of municipal tax)
(2% of prefectural taxes)
(20% of income tax)
Listed stocks that held more than one year
10% (2% of municipal tax, prefectural tax 1%, income tax 7%)
20%
(3.4% of municipal tax)
(1.6% of prefectural taxes)
(15% of income tax)
20% (3.4% of municipal tax, prefectural tax 1.6%, income tax 15%)
Non-listed stocks26%
(4% of municipal tax, prefectural tax 2%, income tax 20%)

※These revisions were established in the extraordinary Diet session in the end of November, 2001.

Income calculation to affect transfers such as listed stocks in 3 identification accounts and the foundation of exception that is report-free

From income tax for 2003, we decide to divide with the specific listed stocks out of the account, and to perform about calculation of income amount of money by transfers such as listed stocks in specific account and are done with simple and easy report. Furthermore, about income by transfers such as listed stocks in specific account, it is said that it is report-free after withholding taxes by choice (income tax).
In addition, report of municipal tax and prefectural tax is dispensed with about constant investors including person having only only person having only income modifying transfers such as listed stocks in specific account by the end of the previous year, income about transfers such as listed stocks in identification account and earned income or the place profit and public pension by city, prefectural tax of 2004 (municipal tax, prefectural tax).

Reorganization to non-taxable small savings system for 4 people with a disability

Non-taxable small savings system (the tax-free small-sum savings systems such as old men) such as old men is reorganized by person with a disability, the mother and the child, system for widows (January, 2006).
Current tax exemption system is applied to person becoming 65 years or older in the end of 2002 until the end of 2005. Person becoming 65 years old does not become a target of tax-free system from 2003 after January, 2003.

With change of social economic situation and severe financial status in mind, connection tax payment system is founded from the viewpoint of contributing by restructure. It is going to be application from fiscal year that this system starts after April 1, 2002 and is expired after March 31, 2003.
Application corporation of connection tax payment system is all inside the country corporations (wholly-owned subsidiary) where all of issued stock are held directly or indirectly by parent company (we remove thing corresponding to wholly-owned subsidiary.) which is inside the country corporation and the parent company. Application of this system submits approval application in choice system beforehand, and it is necessary to receive approval of Secretary of National Tax Agency.
About corporate enterprise tax and corporate residence tax (municipal tax, prefectural tax), simple substance corporation is considered to be the tax payment unit from receive benefits in area and relations with burden.
※Connection tax payment system is going to be enforced on August 1, 2002.

Revision of 1 general inspection system

Range targeted for general inspection is expanded so that tax payer compares with other assets about the price of assets of self from 2003.
At the same time, it is said as follows about general inspection period and period of proposal of examination about price registered with fixed assets tax roll.

General inspection period and period of proposal of examination about price registered with fixed assets tax roll
TypeUntil 2002From 2003
General inspection isWe limit to part about assets of self of fixed assets tax rollWe can inspect about valuation of other land and houses by general inspection account book to maintain newly
General inspection periodPeriods every year 20 days or more from March 1During until either late day of April 20 from every year April 1 or day of the first deadline of the delivery of the year concerned
Examination monkey appearance periodAfter the day when received grant of the tax payment notification from the first day of general inspection period until 30thAfter the day when received grant of the tax payment notification from day when it was made public that registered price with fixed assets tax roll until 60 days

The foundation of reading system of 2 property tax tax rolls, proof systems such as prices

From 2003, we found reading system of fixed assets tax roll and proof systems such as the prices of fixed assets, and measures to be able to do reading, proof application of fixed assets tax roll are taken for tenant, tenant about assets targeted for rented house leased land.

The abolition (municipal tax, prefectural tax, income tax) of 39% tax rate for long-term capital gains such as 1 land

Tax rate 39% of parts more than taxation long-term capital gains amount of money 80 million yen that application is stopped about tax rate to affect long-term capital gains to affect land, building from 2005 until 2004 (6% of municipal tax, prefectural tax 3%, income tax 30%) are abolished, and tax rate of the part concerned is considered to be 32.5% (5.5% of municipal tax, prefectural tax 2%, income tax 25%).
In addition, until 2004, it becomes 26% of tax rates (4% of municipal tax, prefectural tax 2%, income tax 20%) regardless of income amount of money.

Raise in 2 tax exemption limits (municipal tax, prefectural tax)

From 2002, tax-free limit of municipal tax, prefectural tax is raised.

Revised contents of tax-free limit of income percent
After the revisionAmount of number of income amount of money <= 350,000 yen X families + addition 360,000 yen
The revised frontAmount of number of income amount of money <= 350,000 yen X families + addition 320,000 yen

Revised contents of tax-free limit of per capita rate
After the revisionAmount of number of income amount of money <= 350,000 yen X families + addition 240,000 yen
The revised frontAmount of number of income amount of money <= 350,000 yen X families + addition 190,000 yen

(note), with income percent, per capita rate, the amount of addition is added only when have spouse targeted for subtraction or support relative.

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