Information on Amendment to the Act on Electronic Preservation System for Books and Documents Related to National Taxes in Japan
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HLS GLOBAL TAX CORPORATION
HLS GLOBAL Social Insurance and Labor
As part of the 2021 tax reforms, the Japanese National Tax Agency has made amendments to the Act on Electronic Preservation System for Books and Documents related to National Taxes, and this will take effect on January 1st, 2022.
These drastic amendments are being made in order to improve productivity by digitization of accounting processes, promote remote work and improve bookkeeping methods through the utilization of cloud-based accounting software. Before the new regulations are enforced, and for further details, please refer to the National Tax Agency website (in Japanese only), Electronic Preservation System for Books and Documents.(more…)