OpenAI Announces the Introduction of Qualified Invoices for Japanese Consumption Tax (JCT)
OpenAI Announces the Introduction of Qualified Invoices for Japanese Consumption Tax (JCT) OpenAI, renowned for its ChatGPT platform, enjoys significant popularity in Japan, with a substantial number of users subscribing to its services. In November 2024, OpenAI informed its existing Japanese users via an email (in English) that it would begin collecting consumption tax from January 1, […]
How to Display the Japanese Consumption Tax (JCT) Amount on a JCT Qualified Invoice Denominated in a Foreign Currency
How to Display the Japanese Consumption Tax (JCT) Amount on a JCT Qualified Invoice Denominated in a Foreign Currency One of the questions we are asked frequently is “My invoice is denominated in USD (or any other currency besides JPY) but do I also have to show the amounts in JPY?” In this article, we […]
How Long Does it Take to Register as a JCT Qualified Invoice Issuer
How Long Does it Take to Register as a JCT Qualified Invoice Issuer At JPA, we receive a wide range of questions from our clients regarding the Japanese Invoice System. One of the most common is “How long it takes to complete JCT (Japanese Consumption Tax) registration”. In this article, we will explain how long […]
The JCT Qualified Invoice Issuer Registration Deadline has been Extended
It has been officially announced that the deadline for the Japanese Consumption Tax Qualified Invoice Issuer registration has been extended. The invoice system is scheduled to start on October 1, 2023. In order to become a qualified invoice issuer, it was necessary to complete the registration application by March 31, 2023. However, the deadline has […]
How to Register as a JCT Qualified Invoice Issuer
Are You Prepared for the Upcoming Changes to Japanese Consumption Tax? In previous articles, we’ve been covering the upcoming changes to JCT. Upcoming Changes to Japanese Consumption Tax in 2023 The important points are: Japanese tax authorities will be introducing the JCT Qualified Invoice System in 2023 Only Qualified Invoices can be deducted when your […]
Qualified Invoice Format Under JCT
Background As mentioned in our previous post, the Japanese Consumption Tax (JCT) will be going through major changes in 2023. Upcoming Changes to Japanese Consumption Tax in 2023 The key points regarding these changes are: Japanese tax authorities will be introducing the JCT Qualified Invoice System in 2023 Only Qualified Invoices can be deducted when […]
Japanese Consumption Tax (JCT) – Non-taxable Good & Services
Overview Today’s post will be Part 3 of a series on Japanese Consumption Tax (JCT) that we’ve been doing the past few days. Links to previous JCT related posts: Introduction to Japanese Consumption Tax (JCT) Japanese Consumption Tax (JCT) – Scope and Who Pays the Tax In this post, we’ll be covering transactions that are […]
Japanese Consumption Tax (JCT) – Scope and Who Pays the Tax
Overview In a previous post, we introduced some basic characteristics of JCT. Introduction to Japanese Consumption Tax (JCT) In this post, we’ll be looking at the scope of JCT and who actually pays the tax. Scope of JCT and Who Pays the Tax According to the Consumption Tax Law, JCT is applicable to the […]
Introduction to Japanese Consumption Tax (JCT)
Overview – Characteristics of JCT Japan’s consumption tax (JCT) is a tax on the consumption of goods and services in Japan. The tax consists of national tax and local tax and are both referred to as consumption tax. JCT is similar to a value-added tax (VAT) in other countries. JCT is applied to the final […]
Upcoming Changes to Japanese Consumption Tax in 2023
Background If you have any business relationships with customers in Japan, you may have heard that Japanese Consumption Tax (JCT) will be going through significant changes in 2023. The TLDR (Too Long, Didn’t Read); Japanese Tax Authorities will be introducing the JCT Qualified Invoice System in 2023. Only Qualified Invoices can be deducted when your […]