Local News

The Fukuoka and Kumamoto Regional Tax Bureaus released figures for corporate tax statements for 2010 showing that the declared income for corporations in the seven Kyushu prefectures rose 9.6% from the previous year to 1.5574 trillion yen. Tax payments, meanwhile, rose 8.5% to 415.7 billion yen. This was the first increase in both categories in four years. The bad news, however, was that the percentage of profitable companies that filed and were assessed a tax was 28.6% of 223,411 firms. That is down 0.3 percentage points from the previous year, the 10th annual decline and the lowest percentage on record.