- Taxable enterprises under Consumption Tax Law
Taxable enterprises under Consumption Tax Law
2017/03
Persons who transfer taxable assets in Japan or import foreign cargo from bonded areas are required to file a consumption tax return and pay consumption tax to the government (Article 5 of Consumption Tax Law (“CTL”). However, persons are exempt from filing a consumption tax return and paying consumption tax where the amount of taxable sales in the base period is not larger than JPY 10 million (Article 9① of CTL). The base period for a corporate enterprise is the business year two years prior to the current business year (Article 2①(14))1. Taxable enterprises are taxable persons who are not exempt from the requirement to file tax returns and make tax payments.
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