Sales Tax Japan
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Apple Gets $105 Million Tax Bill in Japan for Bulk Sale of iPhone to Tourists: Report
The Tokyo unit of US technology giant Apple has been reportedly slapped with USD 105 million (14 billion yen) in additional taxes over bulk duty-free sales of iPhone smartphones and other Apple devices to foreign visitors. The report said that the Tokyo Regional Taxation Bureau found Apple Japan's approximately USD 1,04,16,84,000 (140 billion yen) ...
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Apple Japan To Pay $98 Million More In Taxes For Devices Sold To Tourists
Apple Inc's Japan unit is being charged 13 billion yen ($97.82 million) in additional taxes by Tokyo for bulk sales of iPhoneS and other Apple devices to foreign tourists that were incorrectly exempted from the consumption tax.
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Ola Unveils First Operating Profit Ahead Of Potential IPO
Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs.89.82 crore ($12 million) for the fiscal year that ended in March 2021, ver...
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India Uncertainty, Japan Tax Rise To Limit Profit Growth, Says Suzuki Motor
Suzuki Motor Corp anticipates currency volatility, particularly the rupee and euro, to weigh on profit growth, even as it expects overall global vehicle sales to hit record highs.
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Japan Prime Minister Shinzo Abe Sets Sights On More Foreign Workers, Higher Sales Tax
Japanese Prime Minister Shinzo Abe on Tuesday ordered his top advisory panel to consider ways to increase foreign workers to deal with the country's chronic labour shortages.
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Asian Shares Steady, But Strong Yen Sinks Nikkei
Japan's Nikkei skidded 1.3 percent, after the dollar sunk to a two-week low against the yen overnight following Japanese Prime Minister Shinzo Abe's official announcement late on Wednesday of his widely expected decision to delay a sales tax increase.
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Asian Shares Rise, But Japan Down On Weak Data
Adding to concerns over the downbeat data, local media reported that Japanese Finance Minister Taro Aso on Saturday told U.S. Treasury Secretary Jack Lew in a separate meeting that Japan will raise sales tax as planned.
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Japan's Economy Dodges Recession In Q1, Sales Tax Decision Eyed
Analysts had worried that the January-March period would not produce enough growth to avert recession - defined as two straight quarters of contraction - after stripping out the estimated boost from the leap year.
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Japan Leads Asian Stocks To Modest Gains; Dollar Steady
Tokyo's Nikkei climbed more 1 percent, buoyed by a weekend media report that Japan was poised to delay a sales tax hike set for April 2017. Hopes for more government fiscal stimulus also favoured Japanese shares.
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Fitch Downgrades Japan, Joins Moody's in Warning on Fiscal Policy
Fitch Ratings downgraded Japan's credit rating by one notch after the government failed to take steps in this fiscal year's budget to offset a delay in a sales tax increase, the agency said on Monday.
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Japan PM Shinzo Abe Seeks to Validate Policies Through Early Polls
Japanese Prime Minister Shinzo Abe said on Tuesday that he would call an early election to seek a fresh mandate for his economic policies, and postpone an unpopular sales tax rise, a day after data showed the economy had slipped back into recession.
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Japan's Abe Tells Party to Delay Tax Hike, Call Snap Poll: Report
The world's third-biggest economy unexpectedly shrank for a second consecutive quarter, data showed on Monday, a sign the pain from an initial rise in the sales tax to 8 per cent from 5 percent in April was lasting longer than expected.
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Japan Slips Into Surprise Recession, Paves Way For Tax Delay, Snap Poll
Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election halfway through his term in office.
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Japan Machinery Orders Rise, But Economy Concerns Linger
Prime Minister Shinzo Abe is due to make a decision on the sales tax increase in December, looking at economic indicators in July-September for clues on whether the economy is strong enough to withstand the impact from the higher levy.
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Japan's Economy Takes Another Hit as Spending, Factory Output Fall
Annual household spending in Japan fell for a fifth straight month in August and factory output unexpectedly declined, highlighting the challenges policymakers face to revive an economy reeling under the strain of a sales tax hike.
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Apple Gets $105 Million Tax Bill in Japan for Bulk Sale of iPhone to Tourists: Report
The Tokyo unit of US technology giant Apple has been reportedly slapped with USD 105 million (14 billion yen) in additional taxes over bulk duty-free sales of iPhone smartphones and other Apple devices to foreign visitors. The report said that the Tokyo Regional Taxation Bureau found Apple Japan's approximately USD 1,04,16,84,000 (140 billion yen) ...
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Apple Japan To Pay $98 Million More In Taxes For Devices Sold To Tourists
Apple Inc's Japan unit is being charged 13 billion yen ($97.82 million) in additional taxes by Tokyo for bulk sales of iPhoneS and other Apple devices to foreign tourists that were incorrectly exempted from the consumption tax.
-
Ola Unveils First Operating Profit Ahead Of Potential IPO
Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs.89.82 crore ($12 million) for the fiscal year that ended in March 2021, ver...
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India Uncertainty, Japan Tax Rise To Limit Profit Growth, Says Suzuki Motor
Suzuki Motor Corp anticipates currency volatility, particularly the rupee and euro, to weigh on profit growth, even as it expects overall global vehicle sales to hit record highs.
-
Japan Prime Minister Shinzo Abe Sets Sights On More Foreign Workers, Higher Sales Tax
Japanese Prime Minister Shinzo Abe on Tuesday ordered his top advisory panel to consider ways to increase foreign workers to deal with the country's chronic labour shortages.
-
Asian Shares Steady, But Strong Yen Sinks Nikkei
Japan's Nikkei skidded 1.3 percent, after the dollar sunk to a two-week low against the yen overnight following Japanese Prime Minister Shinzo Abe's official announcement late on Wednesday of his widely expected decision to delay a sales tax increase.
-
Asian Shares Rise, But Japan Down On Weak Data
Adding to concerns over the downbeat data, local media reported that Japanese Finance Minister Taro Aso on Saturday told U.S. Treasury Secretary Jack Lew in a separate meeting that Japan will raise sales tax as planned.
-
Japan's Economy Dodges Recession In Q1, Sales Tax Decision Eyed
Analysts had worried that the January-March period would not produce enough growth to avert recession - defined as two straight quarters of contraction - after stripping out the estimated boost from the leap year.
-
Japan Leads Asian Stocks To Modest Gains; Dollar Steady
Tokyo's Nikkei climbed more 1 percent, buoyed by a weekend media report that Japan was poised to delay a sales tax hike set for April 2017. Hopes for more government fiscal stimulus also favoured Japanese shares.
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Fitch Downgrades Japan, Joins Moody's in Warning on Fiscal Policy
Fitch Ratings downgraded Japan's credit rating by one notch after the government failed to take steps in this fiscal year's budget to offset a delay in a sales tax increase, the agency said on Monday.
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Japan PM Shinzo Abe Seeks to Validate Policies Through Early Polls
Japanese Prime Minister Shinzo Abe said on Tuesday that he would call an early election to seek a fresh mandate for his economic policies, and postpone an unpopular sales tax rise, a day after data showed the economy had slipped back into recession.
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Japan's Abe Tells Party to Delay Tax Hike, Call Snap Poll: Report
The world's third-biggest economy unexpectedly shrank for a second consecutive quarter, data showed on Monday, a sign the pain from an initial rise in the sales tax to 8 per cent from 5 percent in April was lasting longer than expected.
-
Japan Slips Into Surprise Recession, Paves Way For Tax Delay, Snap Poll
Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election halfway through his term in office.
-
Japan Machinery Orders Rise, But Economy Concerns Linger
Prime Minister Shinzo Abe is due to make a decision on the sales tax increase in December, looking at economic indicators in July-September for clues on whether the economy is strong enough to withstand the impact from the higher levy.
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Japan's Economy Takes Another Hit as Spending, Factory Output Fall
Annual household spending in Japan fell for a fifth straight month in August and factory output unexpectedly declined, highlighting the challenges policymakers face to revive an economy reeling under the strain of a sales tax hike.
