The notice includes: 1) the 20 percent exception for sales tax base calculation, when a tax-exempt business operator becomes an invoice issuing business, applicable for the period between Oct. 1, 2023, and Sept. 30, 2026; 2) the ability to claim purchase tax credits with a ledger entry, for taxable purchases under 10,000 yen (US$74), related to the sale of taxable assets between October 1, 2023, and September 30, 2029; 3) an exemption from the obligation to save invoices for transactions under …
Source: news.bloombergtax.com
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