Only the Importer of Record (IOR) is Eligible for Import JCT Refunds
In Japan, basically only the Importer of Record (IOR) is eligible to reund import consumption tax The taxpayer liable for the Japan Consumption Tax on imported goods withdrawn from a bonded area is considered the importer under Japanese customs law. Under customs law, the importer is defined as the taxpayer, known as the “Importer of […]
Japan Security Export Control - Compliance Establishment
Exporters shipping goods from Japan are required to verify whether the exported goods or transactions are subject to security export control regulations. Exporters must prepare the necessary classification documents (Certificates of Non-Applicability/Applicability) for export customs clearance and, where necessary, obtain permission from the Ministry of Economy, Trade and Industry. Compliance with list control and catch-all […]
Japan JCT Tax Obligations for Foreign Corporations with a Capital of JPY 10 Million or More (Amendments to the Consumption Tax Law, April 2024)
Consumption tax in Japan applies to the transfer of assets conducted domestically by businesses, which means that non-residents and foreign corporations are also subject to consumption tax and are obliged to pay it if they transfer assets within Japan. In some cases, such as exempt businesses, it may not be necessary to pay the tax […]