1. Introduction
The National Tax Agency (NTA) updated a Q&A section about the qualified invoice system as of May 30, 2024. In this News, we will introduce some topics from the Q&A on the NTA website.
2. Submission of Notification of Taxable Enterprise Status
In principle, a tax-exempt enterprise becomes a taxable enterprise if the taxable sales amount for the base period exceeds JPY 10 million and must submit the “Notification of Taxable Enterprise Status for Consumption Tax” to the tax authority. However, even in such a case, an enterprise registered as a qualified invoice issuer is not required to submit the notification because it automatically becomes a taxable enterprise by registration regardless of the taxable sales amount of its base period.
3. Issuance of an invoice related to hotel reservations
There have been unclear points about the issuance of qualified invoices related to online hotel reservations. Now, it is clarified as follows.
・Payment through an official website of the hotel (i.e., arranged tours)
Hotels can issue a receipt or bill meeting the conditions of simplified qualified invoices (SQIs).
・Payment through an external reservation site for package tours including accommodations (i.e., agent-organized package tours)
Online travel agencies are obligated to issue SQIs.
Other than the above, there is an exceptional rule for business travel expenses. Under this rule, companies can take purchase tax credit without the issuance of SQIs.
4. Conclusion
In this News, we introduced some topics from the Q&A about the qualified invoice system on the NTA website.
Please note that this News only introduces general outlines and does not include professional advice. So please make sure not to make any decisions without taking professional advice individually. If you have any questions, please feel free to contact us.
(Reference)
National Tax Agency
https://www.nta.go.jp/taxes/shiraberu/zeimokubetsu/shohi/keigenzeiritsu/invoice.htm
Query on the phone+81-3-6821-9455