Japan’s New Tax Refund Rules for Tourists: Pay Consumption Tax First Before Leaving in 2024

2023-06-04 23:30:12

Japan plans to change the tax exemption system for tourists!Pay the consumption tax first before leaving the country, and it will be implemented in 2024 at the earliest

How many times have you returned to the “countryside”? I believe that everyone buys a lot of money every time. The good timing of the depreciation of the yen, plus 5,000 yen can be processed for tax refunds. The Japanese government plans to revise the tax-free system for tourists. Tourists need to pay consumption tax first. When leaving the country, they can bring along duty-free goods before they can get a tax refund. It may start in 2024 next year at the earliest. If it is true, the location of the luggage rack on the plane will be changed. Competition is fiercer.

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Although the Japanese consumption tax is as high as 10%, tourists can pay tax-free prices as long as they spend more than 5,000 yen and present their passports with “short-term stay visas” at checkout. However, not many people take advantage of this convenience to resell duty-free goods in Japan to earn a price difference. According to the Japanese Ministry of Finance, the Japanese Customs should impose a consumption tax of 2.2 billion yen on tourists in 2022. Among them, 90% of tourists pay ” I don’t have any money with me” as an excuse, so I mightn’t recover it smoothly.

The current Japanese tax-free system for overseas tourists is that as long as the consumption amount exceeds 5,000 yen and the passport is presented at the checkout, the tax-free price can be settled. (getty images)

The Japanese government is currently considering amending the tax refund regulations for tourists. It plans to allow tourists to pay consumption tax first when they check out. They must hold duty-free goods when they leave the country. At the same time, they cannot open the red transparent duty-free plastic bags before they can apply for tax refund. The fastest possible It will be implemented in 2024. All walks of life react strongly to this. The retail and tourism industries are worried that it will reduce tourists’ desire to shop, and netizens are also worried regarding the long queues at the airport. At this stage, everyone, just in case, buy it legally!

The Japanese government plans to revise the tax-free system for tourists. It plans to pay the consumption tax first and refund it when they leave the country. It will be implemented in 2024 at the earliest. (getty images)

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