Disclaimer: “Managed Rate Administration is a licensed service offered by SAP Concur with a recurring fee. The rate updates posted are for informational purposes. If you are an MRA customer, please open a ticket with support (with MRA in the subject line) to request the specific rate update. If you would like more information about licensing the service, please contact your SAP Concur Account Executive. Information about the service, please click here."
If you are using the Travel Allowance and / or Mileage Service, please check the status of the Rate Update here (Regulatory Change Manager (cloud.sap)
Dear administrator,
please find below info about Statutory changes for Japan:
VAT, last update effective October 01 2023:
The Qualified Invoice Base method has been introduced to receive tax credit for consumption tax corresponding to multiple tax rates on purchases.
What is a Qualified Invoice?
A qualified invoice is a document in which a Supplier tells a customer the exact taxable tax rate, consumption tax, etc. in New Input Tax credit system.
Details in local language can be found on: https://www.nta.go.jp/taxes/shiraberu/zeimokubetsu/shohi/keigenzeiritsu/invoice_about.htm
A Qualified Invoice must contain the following information:
- Name of supplier and supplier’s Registration Number for qualified invoice purpose
- Date of taxable transaction
- Description of taxable transaction (which rate is applied)
- Taxable amount per tax rate
- Tax amount per tax rate
- Name of buyer
Reference: Document from the National Tax Agency's website (Japanese)
Summary of changes:
|
Effective Date
|
Type of Invoice
|
Reclaim Percentage
|
|
01 Oct 2023
|
Qualified
|
100%
|
|
Not Qualified
|
80%
|
|
Invoice does not have a Tax ID/VAT
|
0%
|
Note: Please disregard these updates/changes if they do not apply to your SAP Concur configuration. If these updates/changes apply to your configuration, you wish to add/remove any of your organization email contacts or if you have questions, please, raise a Support case for MRA Team (Steps here)
