Under the new system, a JCT taxpayer will be required to retain a qualified invoice issued by a registered invoice issuer in order to be eligible to claim an input credit. In order to comply with this system, invoice issuers must submit an application to the tax office to get a consumption tax ID that will need appear on invoices compliant with the new system called “qualified invoices”. Deadline for companies to register and get a Japan Consumption Tax system ID is March 31st, 2023.
Source: edicomgroup.com
