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Japanese Consumption Tax: Preparing for the 2023 Qualified Invoicing Issuer Rules

Wednesday 05 Jul | 12.00 P.M. - 13.00 p.m.

Japan will implement a qualified invoice storage method (Japanese Invoice System) from October 2023. Under this new Japanese Invoice System, all qualified invoices, where tax credits for Japanese Consumption Tax (JCT) are applicable, will require proper storage as per the stipulated guidelines. Otherwise, deductions through tax credits may not be applicable, and the amount of JCT payments may increase.

Location

Online

Price

Members: ¥0

Non Members: ¥4,000

Written by Sam

Japan will implement a qualified invoice storage method (Japanese Invoice System) from October 2023. Under this new Japanese Invoice System, all qualified invoices, where tax credits for Japanese Consumption Tax (JCT) are applicable, will require proper storage as per the stipulated guidelines. Otherwise, deductions through tax credits may not be applicable, and the amount of JCT payments may increase.

These updates are relevant to all organisations and individuals who issue invoices. In this BCCJ toolbox session led by HLS Global, we will learn more about this new invoicing system and what it all means for your business.

 

SPEAKERS

Takashi Iizuka, CPA & CPTA (JAPAN) | Partner, HLS Global Tax Corporation

Mr. Iizuka has gained over 20 years of experience as an auditor since he joined one of Japan’s largest audit firms (a member firm of Deloitte) in 1983. While he was with Deloitte, Mr. Iizuka spent approximately five years developing the firm’s Japan business practice in Los Angeles, California. In 2000, Mr. Iizuka left the firm to become a partner at a medium-sized accounting firm based in Tokyo. With that firm, he provided accounting and tax services for foreign-owned companies doing business in Japan. Read full bio HERE

Takashi Iizuka, CPA & CPTA (JAPAN) | Partner, HLS Global Tax Corporation

Mr. Iizuka has gained over 20 years of experience as an auditor since he joined one of Japan’s largest audit firms (a member firm of Deloitte) in 1983. While he was with Deloitte, Mr. Iizuka spent approximately five years developing the firm’s Japan business practice in Los Angeles, California. In 2000, Mr. Iizuka left the firm to become a partner at a medium-sized accounting firm based in Tokyo. With that firm, he provided accounting and tax services for foreign-owned companies doing business in Japan. Read full bio HERE

Manjul Agrawal | Director of Business Development, HLS Global Tax Corporation

Manjul Agrawal earned his B.S. degree in computer engineering technology from the University of Houston, Texas. Originally from India, Mr. Agrawal has been living and working in Japan since 2001. In addition to the entrepreneurial experience gained from starting his own trading and consulting company in India, he also developed technical expertise in a variety of industries. During his time at Broadcom Corporation, Mr. Agrawal gained valuable large account management experience in the areas of technology selling and product marketing. Mr. Agrawal joined HLS Global in January 2015, and established the Global Advisory Services division. Read full bio HERE

Manjul Agrawal | Director of Business Development, HLS Global Tax Corporation

Manjul Agrawal earned his B.S. degree in computer engineering technology from the University of Houston, Texas. Originally from India, Mr. Agrawal has been living and working in Japan since 2001. In addition to the entrepreneurial experience gained from starting his own trading and consulting company in India, he also developed technical expertise in a variety of industries. During his time at Broadcom Corporation, Mr. Agrawal gained valuable large account management experience in the areas of technology selling and product marketing. Mr. Agrawal joined HLS Global in January 2015, and established the Global Advisory Services division. Read full bio HERE

About HLS Global: The HLS Global Group is an international accounting and business advisory firm with a focus on providing superior services in the areas of accounting, tax, payroll, audit, advisory, and consulting. Founded in 1990, we pride ourselves on delivering the highest levels of quality and customer service while remaining cost-effective. While catering to the business requirements of non-Japanese multinational companies operating in Japan, we also provide comprehensive solutions to Japanese companies operating in the United States, Mexico, India, and Germany.