Japan: Proposed amendments to electronic tax records preservation system
Japan: Electronic tax records preservation system
An outline for tax reform proposals for 2021—under an agreement reached by the ruling coalition in late 2020 and then approved by the Cabinet—includes measures that would amend electronic recordkeeping and preservation systems for account books and tax records.
The proposals (currently in an outline format and thus subject to possible modifications during discussions of the measures in the Diet) include amendments to:
- The system for preservation of national tax-related account books and documents in an electromagnetic format
- The scanner system for preserving national tax-related documents
- The system for preserving electromagnetic records related to transactions
Read a January 2021 report [PDF 246 KB] prepared by the KPMG member firm in Japan
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