Brand new L series head anyone?

[datsfun]

Theoretically a registered business in Japan is able to zero rate their Sales Tax (10%) for direct exports outside Japan, but many of them don't want to get involved in the required paperwork.

And we complain that out VAT system ( sales tax) is onerous

 

[AliK]

Isn’t VAT another name for sales tax?


Edit: it’s just another tax https://tax.thomsonreuters.com/blog/what-is-the-difference-between-sales-tax-and-vat/

 

[Albrecht]

Isn’t VAT another name for sales tax?


Edit: it’s just another tax https://tax.thomsonreuters.com/blog/what-is-the-difference-between-sales-tax-and-vat/

In Japan it is called 消費税 (Shōhizei) which does indeed translate as 'Sales Tax' (or sometimes 'Consumption Tax') and is equivalent to our VAT, as it adds a percentage of tax to retail sales. In Japan it is currently set at 10% for most classes of item, but for food & drink the rate is 8%.

 

[Bazzateer]

I remember when our VAT was 8%..............

 

[AliK]

I remember when our VAT was 8%..............

You must be really old!

 

[Alphabettispaghetti]

I remember when our VAT was 8%..............

pre window tax?

 

[Bazzateer]

Cheeky beggars!

Just checked, I was 7 when it was introduced at 10% and 8 when it dropped to 8%.
It went up to 15% when I was 13.

You know what they say about age, if you're good enough, you're old enough!

 

[Alphabettispaghetti]

Cheeky beggars!

Just checked, I was 7 when it was introduced at 10% and 8 when it dropped to 8%.
It went up to 15% when I was 13.

You know what they say about age, if you're good enough, you're old enough!

Imagine how Rob feels!

 

[Bazzateer]

Imagine how Rob feels!

Like me probably, with his fingers!