
The government has formally decided to postpone a number of fiscal measures, as the planned Consumption Tax increase to 10% was delayed to 2019 earlier this year. Fiscal benefits when buying a house and the new taxation system for cars, which were scheduled for introduction next year, have been rescheduled to be implemented in April 2019.
An introduction of a new invoice system necessary for the introduction of the diversified tax consumption tax rates, will be postponed from 2021 to 2023.
Source: Nikkei Online
Published: August 2017
Joint venture established in 1987 by the European Commission (DG GROW) and the Japanese Government (METI) for promoting all forms of industrial, trade and investment cooperation between the EU and Japan.