平成１５年度地方税制改正要旨

This page outlines the fiscal year 2003 local tax system reforms in Japan. To promote sustainable economic vitality, the reforms introduce external standard taxation for corporate business taxes, reduce real estate acquisition tax rates, suspend land holding taxes, and revise tobacco taxes. For individual residents' taxes, two new prefectural taxes are created: a dividend tax and a stock transfer income tax, both at 5% rates (initially 3%). Securities companies collect these taxes at source. The reforms also introduce a 3% provisional tax rate for capital gains on listed stocks. Additionally, previous special deductions and exemptions for long-term stock ownership are abolished, and reporting requirements are streamlined.