Outline of the Invoice System①

What is the invoice system?

The invoice system is a new purchase tax credit system that will be introduced from October 1, 2023.
<Seller side> A registered business operator who is a seller must issue an invoice when requested by a trading partner (taxable businessperson) who is a buyer (and must keep a copy of the issued invoice).
<Buyer side> In order for the buyer to receive the purchase tax credit, as a general rule, it is necessary to save the invoice issued by the registered business partner (seller).

In order to become an invoice issuer, the Registration application is required by March 31, 2023.

• In order to issue invoices, it is necessary to apply for registration as an invoice issuing business. Registration is available for taxable enterprises.
• For tax-exempt business operators, please consider whether to register as an invoice issuer according to your own business situation.
• Whether or not to receive registration is voluntary for the business operator. For registration, it is necessary to coordinate with business partners and develop a system. So, we recommend that you make early preparations.
• Once registered, the Information such as the registration number and name will be published in the “National Tax Agency Eligible Invoicing Business Publication Site”.