May/June Edition

  • VAT Rate On Japanese Imports Increased To 8%

VAT Rate On Japanese Imports Increased To 8%

Since April 1st, the VAT (consumption tax) rate on imports into Japan has been increased from 5% to 8%.

The Japanese customs authorities are applying the new rate on behalf of the Ministry of Finance on all taxable non-document shipments in accordance with their import declaration guidelines.

It should be noted that the new rate applies only to those shipments declared to customs on or after 1st April.

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