Japan: Recordkeeping for electronic transactions; guidance for designated tax representative system

Amended ministerial ordinance and guide issued by the tax authority

Guidance for designated tax representative system

Guidance issued in late December 2021 concerns the following tax procedural measures.

  • An amended ministerial ordinance (27 December 2021) provides transitional recordkeeping measures for electronic transactions and allows for the preservation of documents by means of electromagnetic records relating to electronic transactions during the period 1 January 2022 through 31 December 2023 (under certain conditions). Read a December 2021 report [PDF 133 KB] prepared by the KPMG member firm in Japan. The tax authority then updated administrative guidelines and “questions and answers” (Q&As) reflecting the transitional measures regarding electronic transactions. Read a December 2021 report [PDF 166 KB] prepared by the KPMG member firm in Japan
  • A guide issued by the tax authority provides guidance regarding the designated tax representative system—as introduced under the 2021 tax reform. The 2021 tax reform expanded the taxpayer representative system, and one measure allows the tax authority to appoint a taxpayer representative when a taxpayer required to appoint a taxpayer representative fails to submit a notification of representation to the tax authority by the due date. Read TaxNewsFlash. The guide addresses what parties can be appointed by the tax authority to act as a taxpayer representative. Read a December 2021 report [PDF 156 KB] prepared by the KPMG member firm in Japan 

 

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