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Japan Approves Tax Reform 2023

The Japanese Government approved Tax Reform 2023. The reform introduces transitional measures in the Qualified Invoice System (QIS) and outlines plans to review the rules applicable to platform operators and electronic record retention.

  • Timeline
    • Japan is introducing a Qualified Invoicing System from October 1, 2023.
  • Impact
    • Qualified Invoicing System requirement
    • Additional Consumption Tax measures

Source: www.fonoa.com

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