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Consumption Tax

Japan confirms 2019 Consumption Tax hike

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 on track for 10% Consumption Tax 2019

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 delays TGC tax

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 10% Consumption Tax Oct 2019

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 8% Consumption Tax ending on bitcoin July 2017

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

Japan bitcoin Consumption Tax

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 to delay Consumption Tax rise

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

Japan reduced Consumption Tax rate

Japan has confirmed that it still intends to raise its Consumption Tax from 8% to 10% on 1 April 2017. It will though introduce a reduced VAT rate on essentials to help soften the blow of the rise ...Continued

Japan recession threatens Consumption Tax rise

Japan’s lacklustre economy, currently at negative growth rate of 0.3%, means that the long-planned Consumption Tax rise to 10% may be postponed again. Whilst Japan has been obliged to schedule the ...Continued

Japan bitcoin a currency but still taxable

Japan’s government has recognized bitcoin as a private currency. The new categorization switches it from a simple asset to means of exchange of goods or services without any intrinsic value. ...Continued