Navigating Japan’s New Tax Laws: A Practical Guide 3-4 min read Introduction Japan’s recent overhaul of its tax laws, especially the introduction of the Qualified Invoice System and stricter norms for electronic record-keeping, marks a significant shift in the landscape for small and medium-sized enterprises (SMEs) operating in the region. Understanding and adapting to these … Read more
Understanding the Risks of Non-Compliance in Japan’s Tax System 3-4 min read Japan’s evolving tax regulations, particularly the Qualified Invoice System and electronic record-keeping rules, have set new compliance benchmarks for businesses. Understanding the implications of non-compliance is crucial to avoid potential risks and penalties. The High Cost of Non-Compliance Failure to adhere to Japan’s … Read more
Electronic Record Keeping: What’s Required in Japan 3-4 min read In an era where digital transformation is pivotal, electronic record keeping has become more than a convenience—it’s a necessity. For Japanese businesses, recent legislative changes have significantly reshaped the landscape of electronic record keeping, especially in the context of tax compliance. Background of Electronic Record … Read more