From 1 October 2019 the consumption tax will be raised to 10%. At the same time, multiple tax rates and an invoicing system are also being introduced. As a result, enterprises doing business in Japan will have to adapt to these changes in the consumption tax system.
Source: BDO
Latest Posts in "Japan"
- Japan Grants VAT Exemption for Satellite Launch Services, Boosting Space Industry Growth
- Overview of Japan’s Consumption Tax: Scope, Exemptions, and Digital Services Regulations
- Tax Authorities Clarify Consumption Tax Rules for Satellite Launch Transportation Services
- Japan Considers Temporary Zero Consumption Tax on Food and Beverages, Plus New Tax Credits
- Japan to Scrap Tax Exemption on Low-Value Imports to Curb E-Commerce Loopholes
