Tuesday, 8 October 2013

Japan to consider taxing online sales of overseas companies

Chief Cabinet Secretary Yoshihide Suga said Tuesday that the Japanese government will start talks on imposing the consumption tax on overseas companies that sell goods online in Japan.

The levy on the foreign online retailers is expected to start simultaneously with the consumption tax rate hike to 8 pct from the current 5 pct scheduled for April next year.
Online sales in Japan by overseas firms are currently not subject to the consumption tax because it is imposed only on firms with their head offices located in Japan.
Source: NewsOnJapan

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