1. Introduction of the invoice system = Becoming a qualified invoicing business The invoice system will be introduced in the Consumption Tax Law (=VAT Law) from October 2023. The consumption tax rate in Japan is 10%. A reduced consumption tax rate of 8% will be applied to “food and beverages excluding alcoholic beverages and restaurant food” and “newspapers published more than twice a week with a subscription agreement. In principle, a person who wishes to receive a refund of input consumption tax (=input VAT) on a transaction must obtain a registration number from the tax office by the end of September 2023. Registered businesses are entitled to input consumption tax (=input VAT) refunds, but must also file output consumption tax (=output VAT) returns on a regular basis. 2. Transitional measures There are also transitional measures: those who do not obtain a registration number by the end of September 2023, 1) For the first 3 years (October 1, 2023 to September 30, 2026) 80% of input consumption tax (=input VAT) can be deducted. 2) For the next 3 years (October 1, 2026 – September 30, 2029) 50% of Input Consumption Tax (=input VAT) can be deducted. 3) After that date (from […]
US Re-export Control is Tightening.① EAR Compliance ② ECCN Classification ③ Customer Screening⇒ Then, you can determine requirement of export license or license exceptionViolation may result fines, imprisonment, and/or trading restriction of US goods. Organize reliable exporting system → Security Trade ControlClassification of export items, Customer screening, Staff training Contact ⇒
The Foreign Exchange and Foreign Trade Act controls exports of arms and military-usable goods and technology to prevent them from passing to states, terrorists, or other parties that may threaten the security of Japan or the international community (security trade control). Violations of these export laws and regulations are very severely penalized as unauthorized exports. It is very severe, and in some cases, you may even be sent to prosecution. We will help you establish a right legal system for determining the applicability of your products, screening demanders, and requiring export licenses.This system will prevent you from being subject to post-export inspections by the customs authorities or pointed out by the Ministry of Economy, Trade, and Industry (METI).Our certified security trade control expert with technical backgrounds and experts in The Foreign Exchange and Foreign Trade Act and the Customs Act provide comprehensive backup. Click here to contact us ⇒.
We interviewed Mr. Shibata, CEO of Trade Tax East Japan (TTE), about the strengths of Trade Tax East Japan (TTE) and himself. International Business Consulting TradeTax East Japan is a business consulting company.The company in Tokyo is called TradeTax East (TTE) and the other in Osaka is called TradeTax West （TTW).We have feedbacked very positive reputations from companies doing foreign and global business. We work with TradeTax international tax and accounting firms.We provide our clients with the services that maximize after-tax cash-flow. We focus on the efficient improvement and management of commercial and logistics operations in global supply chains. Reorganization through the movement of locations within Asia, successful exits, and compliance with security trade controls linked to Europe and the U.S. are also new business areas. Business experience and network For business owners who are considering investing in Japan/Asia business Many foreign companies used Singapore or Hong Kong as their Asian base, but people are not aware that it is also advantageous to invest in Asia from Japan. Japan has a well-developed insurance system that covers the risk of investment in Asia by Japanese subsidiaries. In addition, in principle, dividends received in return for investments in Asia are not taxed.The […]
We provide Logistics M&A and International Tax & Legal, also provide tax and regal support for customs brokers, depots, and other companies that have been restructured through M&A.
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ITR (International Tax Review)an UK magazine, is introducing our firm. ⇒ ITR (International Tax Review)
For those in Hong Kong/Taiwan, why not buy Japanese real estate to diversify your assets?The center of Japan’s major cities, even with used properties the value will not decrease over time, and it will sell quickly. Also, if you are renting it, you can take depreciation on it.After its useful life is over, it’s the same as getting real estate for free. We can help you set up, lease, operate and exit with the asset management company.Schemes that do not pay consumption tax are also possible.And the best point is that you can get a management visa, so you can reside in Japan at any time. Please contact us ⇒