Japanese Tax Authorities Releases FAQ (Ver8) on Crypto Taxes

NTA Crypto Tax FAQ 2023 (FAQ Version 8)

Acquisition Cost Method Permitted for Specific Self-Issued Crypto Assets On December 25, 2023, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the seventh time (the first was in 2017) that the NTA has officially expressed its views on calculating taxes for cryptocurrency in an FAQ format. […]

The JCT Qualified Invoice Issuer Registration Deadline has been Extended

DEADLINE

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 […]

Japanese Tax Authorities Releases FAQ (Ver7) on Crypto Taxes

NTA Crypto Tax FAQ 2022 (FAQ Version 7)

Crypto Traders Beware! Significant Changes In Determining Whether Income is Business Related or Not On December 22, 2022, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the seventh time (the first was in 2017) that the NTA has officially expressed its views on calculating taxes for […]

Japanese Tax Authorities Releases FAQ on NFT Taxes

NTA NFT Tax FAQ -1

Some of the existing questions about calculating taxes for NFTs have been clarified On January 13, 2023, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of NFTs (Information)”. This is probably the first time the NTA has officially expressed its views on calculating taxes for NFTs (Non Fungible Tokens) in an FAQ […]

How to Register as a JCT Qualified Invoice Issuer

JCT Qualified Invoice Issuer Registration-1

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

JCT Qualified Invoice Format-1

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

JCT Non-taxable Transactions-1

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

JCT Scope and Who Pays-1

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 […]