Tax & Accounting Blog

Abe to Decide on Consumption Tax Increase in December

Blog, Indirect Tax, ONESOURCE July 28, 2014

rend-viewImage-41-300x200Japan’s second increase in the Consumption Tax could occur on 1 October 2015 and the Prime Minister will make a decision in December regarding the increase. The economy has weathered the effects of the April 2014 increase and the Prime Minister will look for 2% GDP growth for the increase.