Sources: Japan to post record-high tax revenue for 5th year
Contributing factors include healthy bottom lines at corporations and higher consumption-tax proceeds due to inflation.
The Finance Ministry estimates that total tax revenue for fiscal 2024 that ended in March topped 75 trillion yen, or 522 billion dollars.
The figure would be at least 1.6 trillion yen more than a projection last November when a supplementary budget was being compiled.
The ministry plans to announce the official results as early as this week.
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