As a result of the 2020 tax reform, the deadline for filing a final tax return for the consumption tax can be extended by one month. This brings the consumption tax treatment in line with the filing extension rule applicable to corporate tax.
Source: BDO
Latest Posts in "Japan"
- Japan’s Food Tax Waiver Faces Year-Long Delay Due to Cash Register Challenges
- IMF Urges Japan to Gradually Raise Rates, Target Tax Relief to Vulnerable Groups
- Cross-Party Group Begins Talks on Consumption Tax Cut, Aims for Interim Report by Summer
- PM Takaichi Rules Out Future Consumption Tax Hike, Plans Refundable Tax Credit System
- Japan Plans Temporary Suspension of 8% Food Consumption Tax Amid Inflation and Political Uncertainty
