- Japanese government proposed new tax laws for online platform companies
- Companies with sales of over 5 billion Japanese yen from digital services in Japan will need to pay Japanese consumption tax
- Companies will need to start keeping track and potentially paying JCT from 1 April 2025
- Platform operators will be treated as if they are the ones providing the services for the purpose of JCT
- Exceptions for digital services aimed at businesses
- Major platform operators expected to be identified by 31 December 2024
- Operators will need to set up systems to calculate and collect JCT on digital services subject to tax
Source: taxand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
