Okinawa total income records biggest rise in 2015

Category: [ Business ]

According to figures by the Okinawa National Tax Office published Jun. 2nd, the total income in the prefecture in 2015 rose 8% from the year before to ¥363.283 billion. The amount is based on income tax returns for the fiscal 2015, and is the highest on record.

The fiscal year 2015 self-assessed tax payments rose 10.3% year on year to ¥28.879 billion that marks a record increase for sixth year in a row. Self-assessed tax payments of solo-proprietors rose 18.2% year on year to ¥6.663 billion, which is the highest increase for the fourth straight year.

Based on the figures, the Tax Office sees Okinawa’s economy remaining strong, as the number of incoming tourists rose to a new record in 2015. Analysts said this stability has led to the rising population in Okinawa, improvement in the employment conditions, and increase in overall consumption in the recent years.

The data also shows that the number of the declared income tax returns increased 3.4% from the previous year. That number has increased 17 years straight.

Capital gains from sales of land, buildings and other property rose 14.5% year on year to ¥50.486 billion, and capital gains from stock transaction profits rose 84.9% year on year to ¥9.898 billion in 2015.



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