Japan

Japan is considering cutting its reduced Consumption Tax rate to 5%. It is also opting for filing and payment delays for individuals....Continued

Japan plans to introduce for the first time Consumption Tax invoices for input tax credits from 1 October 2023. Termed qualified invoices, these will be only issued by certified invoice issuers. A Tra...Continued

Japan’s increase in its Consumption Tax rate from 8% to 10% on 1 October 2019 has helped tip the country into recession....Continued