Japan plans to revise its consumption tax exemption system for foreign visitors to halt illegal resales within the country of goods bought at duty-free stores. The system exempts souvenirs and ...

When Japan's consumption tax goes up from 8 percent to 10 percent next month, it looks set to cause no small amount of confusion for shoppers and sellers alike. That's because the new regime will ...

The government pledges to start providing free preschool education as soon as the consumption tax rate goes up from 8 to 10 percent. The Bank of Japan forecasts that the net increase in tax payers ...

Back in 2023, Japan mulled changing ... Currently, the Japanese tax-free shopping system is one of the most convenient in the world, with the 10 percent consumption tax deducted right at the ...

This book uses “life cycle theory” to analyze, from a consistent perspective, various phenomena related to consumption in Japan, such as the consumption tax rate hike, the consumption stimulating ...

Tax revenue in Japan in fiscal 2020 that ended in March 2021 jumped by 2.3801 trillion yen ($21.5 billion) from the previous fiscal year to a record 60.8216 trillion yen, fueled by a consumption ...

The U.S. does not currently have a national consumption tax. Other countries do, including Japan, which has a 7.8% standard and 6.24% reduced tax rate for items like food, drink and some newspapers.