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Transitional rule in consumption tax law (Keika Sochi)

The rate of consumption tax will be increased from the current 5% to 10% in two steps.  The first step of consumption tax rate increase to 8% will be effective on 1st April, 2014, and the second one is planned on 1st October, 2015.

To implement the increase in tax rate, several transitional rules (Keika- sochi) have been provided for certain situations. They provide for continued application of the current 5% rate. The mail rules are outlined below.

a)  Transport of passengers,freight charges, admission etc. (services provided to the public), only as specified in consumption tax law.

b) Construction / manufacturing contracts

c) Lease contracts

d) Installment sales contracts

e) Longer-term large construction contracts (as defined under the corporate or income tax law)

f) Book subscriptions

g) Consumer purchases using by telephone, web and other media

For more detail information, please check Japanese tax authority web site or contact us.


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