平成１５年度地方税制改正について

This page presents the Local Tax System Reforms for fiscal year 2003 by Japan's Ministry of Internal Affairs and Communications. Major reforms include introducing an external standard tax system for corporations with capital exceeding 100 million yen, reducing land transaction taxes through lower real estate acquisition tax rates (from 4% to 3%) and suspension of special land holding tax, simplifying financial and securities taxation, revising spousal tax deductions, and raising local cigarette tax rates. The external standard tax applies from fiscal 2004, while cigarette tax increases take effect from July 2003.