(2) Indirect tax services
Japanese Consumption Tax (“JCT”) was introduced with the reference to the European Value Added Tax (“VAT”). As the result, there are many similarities between JCT and VAT (or Goods and Services TAX(“GST”)).
However, since JCT has been developed under Japanese tax systems, there are also lots of differences from VAT or GST.
In addition, JCT has been updating recently including the introduction of Japanese version of Invoice System.
We can help your Japanese Consumption Tax issues taking into account the differences with VAT/GST for your comfort and your better understanding.