- The 2026 tax reform will amend the consumption tax system for cross-border electronic commerce, especially for low-value imported goods.
- Goods valued at JPY10,000 or less, previously exempt from consumption tax, will now be subject to consumption tax if sold by registered foreign sellers.
- A registration system for specified low-value asset sellers will be established to ensure proper tax collection.
- Importers will not be double-taxed if proper registration and declaration procedures are followed.
- The changes aim to ensure fair competition and proper taxation between domestic and foreign business operators.
Source: assets.kpmg.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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