Japan is currently somewhere in the halfway of the process of developing and implementing the e-Invoicing mandate. For the purpose of the digitalization reform a dedicated body was established back in July 2020 – E-Invoice Promotion Association (EIPA). The main objective of the organization is to enable countrywide implementation of the e-Invoicing standard which could be used by all businesses. The e-Invoicing model forms part of the reform of the Japanese Consumption Tax system and is closely linked to the taxation regulations. The major tax change that is expected for the businesses is that the tax credit will be claimed exclusively based on the qualified electronic invoice.
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