Consumption Tax

Japan as increased its Consumption Tax rate from 8% to 10% today, 1st October 2019. It has also introduced a new reduced rate of 8% on basic food stuffs and non-alcoholic beverages....Continued

Japan is set to raise its Consumption Tax rate from 8% to 10% on 1 October 2019. To prevent a repeat of the last increase’s collapse in consumer spending, Parliament has this week approved a ¥2 trilli...Continued

Japan is scheduled to complete a two-stage doubling of its Consumption Tax rate to 10% on 1 October 2019. The first part of the rise, from 5% to today’s 8% was enacted on 1 April 2014....Continued

Japan is to confirm this week its plan to complete the second rise in its Consumption Tax, from 8% to 10% in October 2019.  The first hike, in 2014 from 5% to 8% was blamed for a sharp rise in inflati...Continued

Japan’s latest growth rates mean the planned rise in its Consumption Tax from 8% to 10% in October 2019 will still go ahead. The rise had previously been delayed twice because of stagnant growth. The ...Continued

New Caledonia has delayed the proposed introduction of its consumption tax, Taxe Générale sur la Consommation (TGC). The current import tax and service tax will continue until further notice....Continued

Japan is continuing to prepare for a rise in its Consumption Tax from 8% to 10% on 1 October 2019. The planned rise has already been delayed once, in 2016. It is the second in a long-planned doubling ...Continued

Japan is considering removing the liability to pay 8% Consumption Tax on bitcoin purchases from 1 July 2017. The charge on crypto currencies trading is believed to be limiting the development of th...Continued

The Japanese Ministry of Finance is expected to shortly announce that the sale of bitcoin and other virtual currencies will be exempted from 8% Consumption Tax. The change in fiscal policy is based...Continued

Japan’s premier, Shinzo Abe, is expected to announce that the planned rise from 8% to 10% in Consumption Tax is to be delayed.  A formal announcement is expected at the end of May. This rise was sc...Continued