Outline of the Invoice System②

Here are three points that the invoice issuer should address.

1. Add items to be included in the invoice
   Items to be Included on a Qualified Invoice:
   •Name of invoice issuer
   •Transaction date
   •Transaction details
   •Transaction amount
   •Name of bill recipient
   •The fact that the item is subject to the reduced tax rate
   •Amount of consideration excluding tax or including tax, divided by tax rate and •totaled
   •Amount of consumption tax, etc. classified by tax rate
   •Billing issuer registration number
2. Requires registration with the issuer
   In order to become an invoice issuer, it is necessary to submit an “Application for Registration of Qualified Invoice Issuer” to the tax office and become a “Qualified Invoice Issuer”.
3. Issuers are also obligated to save invoices
   After the invoice system comes into effect, both the issuing side and the receiving side will be required to store invoices for seven years, and the number of stored documents will increase further. If you want to save it as data, it is necessary to comply with the Electronic Book Storage Act, so we recommend that you comply with the Electronic Book Storage Act from now on.