Japan Qualified Invoice System and JCT Compliance (Japan Consumption Tax)
August 26, 2022
Recently, many companies have been registering as Qualified Invoice Issuers for Japanese Consumption Tax (JCT) due to the new invoice system introduced in October 2023. This new system is similar to the EU's VAT invoice system. After October 2023, your Japanese customer cannot claim input JCT credits unless the sellers (suppliers) issue a qualified invoice […]