Financials, Technology, Consumer Staples Dec 06, 2021 08:49 AM (GMT+8) · EqualOcean
According to Kyodo news agency, on December 6, the Japanese government finalized a policy on the 5th to exclude foreign students and other long-term residents from the tax exemption system for foreigners visiting Japan, Kyodo News Agency reported. According to the current system, foreign students who stay for a long time are allowed to shop duty-free within half a year after entering the country, except for those who work. The Japanese government will revise the tax system and reduce the conditions for tax-free shopping as long as "non residents" stipulated in the current foreign exchange law to tourists who are "short-term staying" within 90 days of their eligibility.