Commercial landowners will likely receive a tax break in 2022

Both the Komeito political party and the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) are seeking that property taxes for commercial land receive some kind of tax relief next year. The leading Liberal Democratic Party also seems to be in favor of this measure.

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Annual property taxes (fixed asset and city taxes)

In Japan, real estate is subject to annual property taxes called kotei-shisan-zei (fixed asset tax, 固定資産税), and toshi-keikaku-zei (city tax, 都市計画税).

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