Consumption Tax

Understanding the Gradual Change in Deducting Consumption Tax

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Gradual Change in Deducting

Understanding the nuances of Japan’s Qualified Invoice System (QIS) is critical, particularly regarding the consumption tax deduction. Recent changes in the QIS affect how businesses can deduct consumption tax from qualified invoices. This article explores the gradual change and its implications for businesses under the QIS. Disclaimer: This article is for informational purposes only and … Read more

What is the Qualified Invoice System in Japan?

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Qualified Invoice System

As Japan continues to evolve its tax landscape, the Qualified Invoice System, introduced in 2023, stands as a pivotal change in the country’s taxation approach. This article aims to demystify what the Qualified Invoice System is and its significance for businesses, particularly for foreign companies operating in Japan. For a detailed historical context of Japan’s … Read more