- Tax Changes for Low-Cost Imports: Japan’s Finance Ministry is planning to impose consumption tax on imported goods priced at ¥10,000 or less, currently exempt under the de minimis rule, to enhance competitiveness against foreign e-commerce.
- Response to E-Commerce Trends: The proposed change is largely motivated by the growing sales of low-cost items from Chinese e-commerce platforms like Temu and Shein, which have been exploiting the exemption to gain market share.
- Global Shift in Tax Rules: Several countries, including the U.S. and Vietnam, are revising their de minimis rules to curb tax loopholes and protect domestic businesses from foreign competition, prompting Japan to consider similar actions.
Source Japan News
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