- Japan is considering a bill to introduce a temporary 0% consumption tax on food and beverages from October 1, 2026, to September 30, 2027.
- The tax exemption would cover all food and beverage transfers, including restaurant meals.
- The measure aims to ease the impact of rising food prices and support household spending and economic stability.
- The zero-rate period could be extended to September 30, 2028, if needed.
- The bill is currently under review by the House of Councillors.
Source: fintua.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.
Latest Posts in "Japan"
- Japan 2026 Tax Reform: Key Consumption Tax Changes and Timeline for Low-Value Imports
- Japan 2026 Tax Reform: New Rules for Cross-Border E-Commerce and Low-Value Imported Goods
- Japan’s 2028 Consumption Tax Reform: Cross-Border E-Commerce and Crypto Asset Taxation
- Key Revisions to Japan’s Consumption Tax: E-Commerce, Invoice System, and Real Estate Services
- Japan to Remove ¥10,000 Tax Exemption for E-Commerce Imports from April 2028
