VAT news tagged as "Japan consumption tax"


Japan Consumption Tax rise delay till 2019

May 30th, 2016

Close advisors to premier Shinzo Abe indicated this weekend that the planed April 2017 rise in Japanese Consumption Tax from 8% to 10% will be postponed until 2019. Continuing weak consumer demand, and a slowing Chinese market, had put the rise in doubt for a year. It was part of a two-part planned rise, the …


Japan to delay Consumption Tax rise

May 14th, 2016

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 scheduled for April 2017, but slowing growth has put it in doubt. The rise had already been delayed once. …


Japan recession threatens Consumption Tax rise

March 29th, 2016

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 rise from 8% since 2012 to help fund rising debt with an aging population, the flat economy may not stand a further dampening on …


Japan may delay 2017 Consumption Tax hike

February 26th, 2016

The Japanese government has said that it may delay the planned rise in Consumption Tax from 8% to 10%, scheduled for April 2017. The rise has already been delayed once, in October 2015. This was due to a sharp downturn in consumption following an earlier rise from 5% to 8% in 2014. The planned two-step …


Japan consumption tax on digital services update

June 20th, 2015

The Japanese tax agency has provided some further updates technical issues for the forthcoming launch of Consumption Tax on digital services provided by foreign companies. From 1 October 2015, B2C supplies of electronic services by non-resident providers will be subject to 8% Consumption Tax. This will include the obligation of register for CT if the …


Japan update on taxing foreign services

August 4th, 2014

Japan’s Ministry of Finance has added further commentary to the discussion proposals to levy Consumption Tax on services provide from abroad to Japan. The new commentary is based on feedback from interested parties. Businesses in particular have requested a clear distinction in the taxability of services where the point of service is outside of Japan …