VATupdate

Share this post on

Freelancers and small businesses subject to VAT

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

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com