- Japanese Parliament passed the 2024 tax reform bills
- Provisions include consumption tax and platform tax
- Platform taxation will be introduced to impose tax obligations on platform operators for foreign suppliers
- Specified platform operators will be liable to pay consumption tax on digital services provided by foreign suppliers
- Special measures for consumption tax exemption system related to foreign business operators will be provided
- Amendments will prevent tax avoidance by foreign business operators using the consumption tax exemption system or simplified tax credit system
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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