On 18 November 2016, Japan's National Diet (legislature) passed legislation that delays the increase in the consumption tax and local tax changes ({News-2016-08-04/P/2- previous coverage}).
Consumption Tax
The consumption tax was scheduled to be increased from 8% to 10% effective 1 April 2017, but will now be increased from 1 October 2019. The delay also applies for the introduction of a reduced consumption tax rate, the introduction of an invoicing system, and other related changes.
Lo…