Japan Plans to Double Consumption Tax Rate by 2015

67 %
33 %
Information about Japan Plans to Double Consumption Tax Rate by 2015
Technology

Published on February 21, 2014

Author: NairandCo

Source: slideshare.net

Description

Japan has proposed to introduce new reduced Consumption Tax (VAT) Rate for basic goods, in an effort to assuage the impact of the planned tax rate to 10% by 2015

Japan Plans to Double Consumption Tax Rate by 2015 Japan has proposed to introduce new reduced Consumption Tax (VAT) Rate for basic goods, in an effort to assuage the impact of the planned tax rate to 10% by 2015. The increase in the rate will help boost economic growth, generate significant revenue and strengthen and sustain social security benefits, reports Nair & Co.’s International Tax Team. The new reduced Consumption Tax rate is being introduced in two phases: Consumption Tax Rate 12% Phase 2: 10% 10% 8% Phase 1: 8% Current: 5% 6% 4% 2% 0% Upto 1 Apr 2014 From 1 Apr 2014 - From 1 Oct 2015 - In order to economically meet the tax compliance obligations in the future, Nair & Co. advises companies operating in Japan to cautiously plan their business processes and financial system competence. For more information about international tax laws, doing business overseas or to learn more about our Nair & Co.’s International Expansion Services please contact us. Subscribe to regular global tax compliance alerts from Nair & Co.

Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts. About Nair & Co. Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867

Add a comment

Related presentations

Related pages

Japan Plans to Double Consumption Tax Rate by 2015 - issuu

Japan Plans to Double Consumption Tax Rate by 2015 Japan has proposed to introduce new reduced Consumption Tax (VAT) Rate for basic goods, in an effort to ...
Read more

Japan Plans to Double Consumption Tax Rate by 2015

Japan Plans to Double Consumption Tax Rate by 2015 Japan has proposed to introduce new reduced Consumption Tax (VAT) Rate for basic goods, in an effort to ...
Read more

Japan Government to Propose New Tax Rate - embjapan.org

Japan Government to Propose New Tax Rate ... up into almost double the current tax rate by the ... Government to Propose New Tax Rate | Japan Adjusts ...
Read more

Japan reviews Consumption Tax VAT on ebooks - Avalara VATLive

Japan reviews Consumption Tax VAT ... on Consumption Tax. The current tax rate is 5%, although Japanese Consumption Tax is set to double to 10% by 2015.
Read more

2015 Investment Climate Statement - Japan

... intention to double Japan’s inward ... the consumption tax from 5 percent to ... 2015, 147 reconstruction promotion plans that ...
Read more

Economy of Japan - Wikipedia, the free encyclopedia

Abenomics has thus far given the economy of Japan a low ... Consumption tax rate is ... will increase the consumption tax to 10% in October 2015. ...
Read more

2015 Tax Reform Proposals - Announced - Deloitte US

2015 Tax Reform Proposals - Announced . ... parties of Japan released the Outline of the 2015 Tax ... of digital services for Japanese consumption tax
Read more

All systems go for second stage of tax hike: Tanigaki ...

... second stage of the consumption tax rate hike ... systems go for second stage of ... plans to double the sales tax to 10 percent ...
Read more

Japan's economic growth data revised higher - BBC News

Japan's economic growth data revised ... consumption tax in Japan. The rate currently stands at 5% and under government plans that could double to 10% by 2015.
Read more

Japan's Abe Announces Delay to Controversial Consumption ...

... the Japanese government had planned to raise its consumption tax rate ... Japan's consumption tax ... After negative growth in late 2015, Japan ...
Read more