Consumption Tax Rate Increase - Two and A Half Year Delay

Consumption Tax Rate Increase - Two and A Half Year ...

On 1 June 2016, Prime Minister Shinzo Abe accounced that the increase in the consumption tax rate from 8 percent to 10 percent should be postponed to 1 October 2019 by two and a half years.

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It is expected that a bill to amend the Consumption Tax Law to postpone the increase in the tax rate will be submitted to and discussed in an extraordinary session of the Japanese Diet later this year.

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  1. Consumption Tax Rate Increase - Two and A Half Year Delay

KPMG Japan e-Tax News No.108

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