Yes, businesses operating in Japan must adhere to specific VAT filing deadlines:
- Quarterly Returns:
For businesses required to file quarterly VAT returns, the deadline is within two months after the end of each fiscal quarter. - Annual Returns:
For businesses that file VAT returns annually, the deadline is two months after the fiscal year ends. - Monthly Returns:
If a business needs to file monthly returns, they should be submitted within two months after the end of each month. - Special Cases:
Newly registered businesses or those with a change in their reporting period may have different deadlines as specified by the National Tax Agency (NTA).
It’s crucial for businesses to meet these deadlines to avoid penalties and ensure smooth operations. A Japanese tax professional can assist with timely submissions and compliance with these deadlines.
The information provided here is based on legislation as it stands on the date of publication and may not reflect subsequent changes. We advise clients to seek tailored professional advice before making any decisions based on this information.