Japan Notifications

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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:

 

  1. Name of supplier and supplier’s Registration Number for qualified invoice purpose
  2. Date of taxable transaction
  3. Description of taxable transaction (which rate is applied)
  4. Taxable amount per tax rate
  5. Tax amount per tax rate
  6. 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)

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