Japan Approves Bill to Cut Food Consumption Tax to 1%

News On Japan ·
Japan

The Japanese government has approved a bill to reduce the consumption tax on food from 8% to 1% for two years beginning in April 2027, while pledging to finance the measure without issuing deficit-covering government bonds, although it has yet to specify how it will cover the estimated 10 trillion yen cost. (News On Japan)

Read original article on News On Japan →

Related news