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  5. The Invoice Data Exchange Accelerates SME Banking Innovation

The Invoice Data Exchange Accelerates SME Banking Innovation

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15 May 2022

Innovation opportunities for payment digitalization in Japan.

Electronic invoice (e-invoicing) is a system to digitize qualified invoices that are mandatory for the deduction of purchase tax under the qualified invoice system. This invoice system is intended to provide an appropriate consumption tax credit for purchases in response to the multiple tax rates for a consumption tax in 2019 and is scheduled to be introduced in October 2023.

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News article details

Industry
Corporate Banking
Media Type
News Articles
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America