Setting Up Consumption Tax - Japan
A new installation of the Japan Localization SuiteApp will automatically provide these tax records:
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Tax codes (to be used starting October 1, 2019)
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Tax types
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Tax control accounts
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Tax agency
If your account already has the Japan Localization SuiteApp installed, you must manually create the new tax codes that become effective on October 1, 2019. The new tax codes should be set up using the correct tax classification. Tax category mapped to main tax category must be set on purchase transactions.
Read the following topics to understand how to set up Japan Consumption Tax:
In addition, you can select company-wide rounding settings, rounding methods, and precision settings for consumption tax. For more information, see Selecting Precision Settings - Japan and Setting Tax Rounding Methods - Japan.
Related Topics
- Japan Consumption Tax Overview
- Setting Tax Rounding Methods - Japan
- Selecting Precision Settings - Japan
- Setting Tax Rounding Preferences for a Customer or Vendor - Japan
- Japan Consumption Tax Form
- Deductible Purchase Tax for Japan
- Japan Consumption Tax Reports
- Tax Accounting Overview
- Enabling and Setting Up Taxation Features
- Advanced Taxes