Japan is considering limiting the tax burden on small businesses that will have an obligation to pay consumption tax after the introduction of an invoicing system next October.
For freelancers and small businesses that are currently exempt from consumption tax, the government are considering a change to 20% of the tax amount received through their sales instead of the VAT exemption.
Source Taxbackinternational
Latest Posts in "Japan"
- Japan Implements PINT v1.1.1 E-Invoice System Update for Peppol Network Users
- Implementing Certain Tariff-Related Elements of the United States-Japan Agreement
- Japan Updates E-Invoice System: PINT v1.1.1 Now in Effect
- Fact Sheet: President Donald J. Trump Secures Unprecedented U.S.–Japan Strategic Trade and Investment Agreement
- Moody’s: Japan’s Tax Cut Impact on Debt Rating Hinges on Scope, Magnitude, Permanence
