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Japan reduced Consumption Tax rate


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 on the less well off. This will be 8%, and levied on basic foodstuffs and beverages


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.