- Recent changes to the Japanese consumption tax (JCT) rules were introduced as part of Japan’s 2024 tax reform
- The changes aim to tighten the rules around determining whether an entity is a JCT payer or exempt enterprise
- Certain foreign companies without a permanent establishment in Japan must now calculate their JCT liability based on actual input and output tax amounts
- The new measures apply to tax periods beginning on or after 1 October 2024
- Nicole Baxter, a director at Deloitte Japan, discusses these changes and their impact on foreign companies in Japan on The Japan Perspective podcast series
Source: taxathand.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.
