- Japan’s Tax Authority (TRTB) has confirmed that satellite launch services are exempt from VAT as a qualifying export exemption under Japan’s Consumption Tax Act.
- The exemption supports the growth of Japan’s expanding space industry, which relies on satellite launch services as a fundamental driver.
- The VAT system generally taxes domestic transactions, but export exemptions apply to certain services, including satellite launches.
- The TRTB’s clarification provides practical guidance for businesses in the space sector regarding tax treatment of launch services.
Source: gtlaw.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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