Month: March 2022

In order to understand who will benefit by choosing a Consumption Tax filer status, I will explain how the consumption tax liability is calculated.  The basic rule is that Consumption Tax payable is the difference between what you receive on your revenue and what you pay on your cost. I show you a very simple … Read More “Who will benefit by choosing a Consumption Tax filer status?” »

Each country has a different tax system. But Japanese Consumption Tax seems to have a little bit more confusing part than VAT or GST in other countries because it has options for SMEs (Small/Medium-sized enterprises) to file (to become a tax filer) or not to file (a non-tax filer). Also there are 2 calculation methods … Read More “How I benefit from Japanese Consumption Tax?” »