Japan issues FAQ for 1st October 2023 e-invoicing standard – Peppol BIS Billing 3.0 International (‘PINT’) Japan’s new qualified invoice regime, which underpins the deductibility of Consumption Tax invoices, is being supported by e-invoicing as an option. Japan has adopted the European and global Peppol standard.
Digital platforms face Consumption Tax liabilities on user services The latest Japanese 2023 tax reform plan includes a review of the marketplace deemed supplier liability for providers of digital services. This is based on the global trend to shift the indirect tax burden to digital
Japan has imposed its 10% Consumption Tax on digital or electronic services since October 2015. This includes non-resident providers. However, so far, marketplaces and similar electronic interfaces are not held liable to tax obligations of their third-party sellers. Japanese Consumption Tax is made up of
Japan has raised its main Consumption Tax rate from 8% to 10% on 1 October 2019. It has also created a new reduced rate of 8% for basic supplies. This is the second rise in the indirect tax in recent years. The last was a
