Consumption Tax (JCT) rates going up in Japan
December 21, 2015
After 1 April 2017 (not an April Fools’ joke), the overall Japanese Consumption Tax rate in will rise to 10%. The plan is to maintain the consumption tax on food and home delivery of newspapers at 8%, while books, magazines and newspapers purchased at newsstands and their e-versions will be taxed at 10%. The Japanese Government is currently investigating the possibility of applying the reduced tax rate for books and magazines.
photo by Emmanuelle Magnenat
Read more ...