Friday, January 17, 2014

Japan to Impose 'Amazon Tax' on Sales by Foreign Retailers

Shelf Awareness

Japan will begin collecting taxes on online sales of downloaded content purchased from foreign companies and websites by 2015. The Japan Daily Press reported that currently "there are no taxes imposed on content purchased and downloaded from overseas servers such as Amazon.com and other distributors, and the government says that this situation puts local firms at an unfair disadvantage."

Although the Japanese parliament had initially pushed to make the change effective this spring, authorities cited the need for more time to sort out the details and said "the goal now is to make the taxing process effective by October 2015, when the sales tax is also scheduled to increase to 10%," the Japan Daily Press wrote.

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