PEPPOL framework on the “Qualified Invoice system”
We previously wrote about the upcoming "Qualified Invoice system" for Japanese Consumption Tax (JCT), in which taxpayers are only able to claim input VAT from JCT registered vendors. All Japanese vendors intending to issue e-invoices must register with their local tax office before 31 March 2023. In addition to this, the Japanese government is working on implementing the “Qualified Invoice” system using Peppol standards. Peppol is a common framework for trading partners to exchange standards-based electronic documents over the Peppol network. EIPA (E-Invoice Promotion Association), established in July 2020, is the dedicated organization responsible for developing and building a simple-to-use electronic invoicing system for Japanese companies. The "Qualified Invoice" System will launch in October 2023, but businesses are encouraged to begin using Peppol-compliant e-invoicing software by October 2022.