Consumption Tax

The Qualified Invoice System is a system in which businesses in Japan can make sure the deductibility of the input VATs from their purchasing goods or services in Japan. While this system is generally not applicable to foreign companies, foreign companies conducting business in Japan are typically required to issue these qualified invoices and charge …

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From October 1, 2023, onward, the qualified invoice-based method (the invoice system) as a method to receive tax credit for consumption tax on purchases will take effect. In order to issue Qualified invoices, enterprises shall apply for tax offices to register themselves as Qualified Invoice Issuers(“QII”). For a specified foreign business enterprise, i.e., a foreign …

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