Japan Tax Topics

NetSuite and the Japan Localization SuiteApp provide tax features and tax records specific to Japan. The SuiteApp also enables you to calculate Japan consumption taxes, accomplish the Japan Consumption Tax Form, and use tax reports.

To use the Japan Consumption Tax Form and other Japan tax features, you must install the Japan Localization SuiteApp, with Bundle ID: 473889 or later versions.

Note:

The Japan Localization SuiteApp is not compatible with the SuiteTax feature. If the SuiteTax feature is enabled in your NetSuite account, do not install the Japan Localization SuiteApp.

A new installation of the Japan Localization SuiteApp will automatically provide the following tax records:

Tax codes (to be used starting October 1, 2019)
Tax types
Tax control accounts
Tax agency

Note:

If your account already has the Japan Localization SuiteApp installed, you must manually create the new tax codes that become effective on October 1, 2019. The new tax codes should be set up using the correct tax classification. Tax category mapped to main tax category must be set on purchase transactions.

To begin using Japan tax features, do the following:

Install the Japan Localization SuiteApp. See Installing the Japan Localization SuiteApp.
Set your tax preferences. See Setting Up Consumption Tax - Japan.
Set up the rounding method and precision. See Setting Tax Rounding Methods - Japan and Selecting Precision Settings - Japan.
Set tax rounding preferences for customers and vendors. See Setting Tax Rounding Preferences for a Customer or Vendor - Japan.

Note:

Reverse Charge reporting on imports is currently not supported in Japan.

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