The Japanese Consumption Tax (JCT) does not require taxpayers to show the tax on invoices. Book-keeping records are sufficient. However, the introduction of different JCT rates caused some taxpayers to account for input tax erroneously. To address this issue, the Qualified Invoicing System (QIS) will be implemented on October 1, 2023, requiring registered economic operators to issue qualified invoices containing specific information. Electronic invoices in PINT format meet the requirements of the new system and are encouraged to be exchanged through the PEPPOL network, but they are not mandatory in Japan.
Source Comarch
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
