Understanding the Stamp Tax Table

When businesses in Japan issue drafts for payment, they are required to pay a stamp tax. The tax amount depends on the amount of the draft.

To calculate and report on the stamp tax for accounts payable drafts, you must set up and maintain the Stamp Tax - Japan table (F75013) through the Stamp Tax Revision - Japan program (P75013).

Note: The Stamp Tax Revisions form is not a multicurrency form. The system recognizes only your company currency for the records in the F75013 table.