- Japan plans to withdraw the JPY 10,000 Consumption Tax threshold on low-value imported goods.
- The same threshold for customs duties may also be removed.
- The move targets tax loopholes exploited by Chinese-based retailers shipping goods to Japanese consumers.
- The 2026 Tax Reform Package is expected to address this issue.
- The current exemption disadvantages local retailers compared to foreign e-tailers, especially Chinese marketplaces.
Source: vatcalc.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.
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