In order to improve the backward cashless payment rate, the Japanese government launched a tax rebate plan of 279.8 billion yen. Consumers can get a 5% tax rebate for shopping in small shops with credit cards and mobile phones, and a 2% tax rebate for shopping in convenience stores and other enterprises.
Japan's consumption tax rate is raised from the current 8% to 10% and from 20 19 to 10+00. In principle, all goods and services are included, but there are exceptions.
The Japanese government stipulates that the consumption tax rate of magazines and newspapers published more than twice a week and off-site consumption of food will remain at 8%. This means that the prices of groceries and take-away food will remain at the original level, but it also brings trouble to some food retailers. For example, customers obviously buy the same food, but if they choose to eat in the store, the price will be higher.
Japan's minimum tax refund consumption has been reduced from the current 1 10,000 yen to 5,000 yen. However, it should be noted that this measure is applicable to new stores, and those stores that implement the 1 0 yen tax refund before1depend on the store's own regulations.
In order to attract foreign tourists, many shops in Japan have indicated that they will automatically reduce the minimum tax rebate. However, the new policy has also implemented a tax refund ceiling of 500,000 yen per person/day/store, and a "purchase commitment letter" must be signed when the tax refund is made, indicating that the goods with tax refund will leave Japan within 30 days.
Phoenix. The increase of consumption tax will soon set off a wave of "hoarding goods" in Japan.
People's Daily Online-Japan's New Tax Refund Policy Must Know when Sweeping Goods