TOKYO -- Japan collected more taxes in fiscal 2020 than the government had expected, with revenue coming in higher than fiscal 2019's pre-pandemic figure, helped by a limited impact on corporate earnings, Nikkei has learned.
Japan's tax revenue exceeded 58 trillion yen ($523 billion), beating the government's expectations by over 3 trillion yen, sources said. The total is higher than the 2019 revenue of 58.4 trillion yen, which had dropped by about 2 trillion yen from a record 60.4 trillion yen in fiscal 2018.
