Consumption tax

About the tax classification of various cost that has something to do with overseas air ticket

1月 23 2017 Consumption tax

Question: Please explain about the application of consumption tax in relation to air ticket charges and other cost when traveling overseas. Answer: The air ticket charges when having an overseas trip will be a consumption tax exempted transaction. Also, the fuel...

Read More

Simplified calculation method of consumption tax in Japan

1月 6 2017 Consumption tax

A simplified calculation method, as shown on the table below is appropriate to both individual and company that amount of taxable sales (->domestic taxable sales and export sales) for the base period was JPY50 million or less. They must present notification to tax...

Read More

Taxable period of consumption tax in Japan

1月 5 2017 Consumption tax

For a company in Japan, taxable period of consumption tax is the respective fiscal year and for an individual in Japan it is the calendar year. But upon election, instead of an annual basis, the taxable period may be on a quarterly basis and a monthly taxable period...

Read More

Consumption tax in Japan

1月 4 2017 Consumption tax

Taxable base of consumption tax in Japan For a domestic taxable transaction, the taxable base of consumption tax is the consideration for the transaction. In terms of import taxable transactions, the value or worth of the imported goods for customs duty purposes plus...

Read More

Refund of consumption tax for representative offices of foreign company in Japan

8月 18 2016 Consumption tax

Law says that companies can elect to become a consumption tax filer in Japan, and representative offices of foreign company in Japan can receive refund of consumption tax in Japan. Currently the consumption tax rate in Japan is 8%, and the rate is going to increase to...

Read More