Challenges Ahead for Sole Proprietors! The Complex World of ‘Fixed Tax Reduction’ Starting in June – Confusion Looms Over Short-Lived System

Invoice Registration” to be reconsidered Necessity of

Finally, we asked them about their hopes for private business owners, companies, and the government.

I would like those who have not yet registered for the invoice system not to do so out of a sense of urgency. Each person’s situation is different, so I think it is enough to think about it if your business partner asks you about it. In addition to my YouTube channel, there are many books and blogs that explain the invoice system and consumption tax.

For companies, he has a request for companies involved in all kinds of invoices, especially those that mainly sell online.

I would like to see an extension of the period for storing and verifying purchase histories,” he said. Although the electronic bookkeeping revision has made it unnecessary to download to some extent, purchase histories disappear after one or two years in many places except for major online shopping. At the very least, I would like them to keep it for the seven years stipulated by the government.”

The final request is to the government. It could be said that this is a wish not only from Mr. Yamada and other tax accountants, but also from the public.

I would like the government to spread knowledge of the consumption tax and expand the special exception for small amounts. I would like the government to continue the provision that sales of less than 100 million yen do not require an invoice for sales of less than 10,000,000 yen, and if possible, to eliminate the requirement for sales of less than 100 million yen. I would like to see the requirement that invoices are not required for sales of less than 10,000 yen, but rather less than 30,000 yen. Just by making this change, accounting work would become much easier, and I don’t think tax revenues would change that much.

The number of side hustles and freelancers is increasing these days. If the government is also supporting these activities, efforts should be made to communicate the tax laws. We also need to understand the tax laws because paying taxes is a duty of citizens. Both sides need to come to a compromise.

One way is to look at the IRS website to find out what tax laws and systems are relevant to you, but frankly speaking, I think it is difficult for everyone to understand them properly. Besides, there are a variety of cases, so I would like to see an effort to provide individualized support. If it is difficult to educate and provide individualized support for such tax laws, I would still like you to consider expanding the special exception for small amounts and continuing the 20% exception.”