A consumption tax is a tax levied on consumption spending on goods and services. The tax base of such a tax is the money spent on consumption. Consumption taxes are usually indirect, such as a sales tax or a value-added tax. However, a consumption tax can also be structured as a form of direct, personal taxation, such as the Hall–Rabushka flat tax.A consumption tax is a tax levied on consumption spending on goods and services. The tax base of such a tax is the money spent on consumption. Consumption taxes are usually indirect, such as a sales tax or a value-added tax. However, a consumption tax can also be structured as a form of direct, personal taxation, such as the Hall–Rabushka flat tax.
What you need to know
The indirect tax system in Japan is consumption tax (“JCT”). Tax is due on taxable supplies of goods and services made in Japan, in the course of a business activity. This includes electronic services provided to non-business customers. Note that if certain supplies of goods or services are made by a non-established supplier, JCT will be remitted by the customer.
JCT is also due on the importation of goods into Japan.
Appointment of a tax agent is mandatory
JCT registration threshold JPY 10,000,000
A business that performs taxable supplies during the base period (generally the year beginning two years before the tax year concerned) of more than 10 million yen, will automatically become a taxable business. Voluntary registration may be permitted prior to these criteria being met.
Source:
https://en.wikipedia.org/wiki/Consumption_tax
https://www.vatglobal.com/global-countries/japan
https://www.vatlive.com/country-guides/asia/japan/japan-consumption-tax-compliance-and-rates/
What you need to know
The indirect tax system in Japan is consumption tax (“JCT”). Tax is due on taxable supplies of goods and services made in Japan, in the course of a business activity. This includes electronic services provided to non-business customers. Note that if certain supplies of goods or services are made by a non-established supplier, JCT will be remitted by the customer.
JCT is also due on the importation of goods into Japan.
Appointment of a tax agent is mandatory
JCT registration threshold JPY 10,000,000
A business that performs taxable supplies during the base period (generally the year beginning two years before the tax year concerned) of more than 10 million yen, will automatically become a taxable business. Voluntary registration may be permitted prior to these criteria being met.
Japanese Consumption tax Rates
| Rate | Type | Which goods or services |
|---|---|---|
| 8% | Standard | Consumption tax (since 1 April 2014). Rate set to increase to 10% from October 1, 2019. |
| 0% | Zero | Exports and some services provided to non-residents. |
Source:
https://en.wikipedia.org/wiki/Consumption_tax
https://www.vatglobal.com/global-countries/japan
https://www.vatlive.com/country-guides/asia/japan/japan-consumption-tax-compliance-and-rates/
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