JoinT WEBINAR ON E-Preservation Act - Stay TAX-Compliant Beyond 2024

2022 November

E-Preservation Act - Stay Tax-Compliant Beyond 2024

Event Details:


With the 2021 Japan tax reform of the E-Preservation Act (Act on Book and Record Keeping through Electronic Methods or 電子帳簿保存法) a further step in digitalizing tax related processes has been taken. The changes will be more fundamental as the possibility to preserve records of so called “electronic transactions” in hard copy format has been abolished from January 2022, with the possibility of a deferred implementation over a period of two years. Accordingly, from 1 January 2024 taxpayers will be obliged to preserve “electronic transactions” in an electromagnetic format, which is accompanied by certain rules and standards for handling and storing information electronically. 
This webinar will provide an introduction to the rules for electronic preservation for all types of company records, i.e. accounting books, scanned documents and electronic transactions, and will explore the available tools and measures to stay compliant for preserving records in an electronic format. 
The format is a 10min English introduction in the main points relevant followed by a 30min Japanese explanation covering details of the new regulations.
Topics will inter alia include: 
*Definition of types of company records per the E-Preservation Act 
*Methods for storing information electronically per the type of records 
*Practical solutions for required systems and processes 
*Q&A and guidance published by the National Tax Agency Japan 
2021年度税制改正において、電子帳簿保存法(E-Preservation Act)についても改正が行われました。2022年1月より、納税者は税務計算の根拠資料として「電子取引」(electronic transactions)を保存する際に、プリントアウトした紙資料は認められず、一定の条件を満たした上で電子データのまま保存することが求められます。当改正には2年の宥恕期間が設けられていますが、2024年1月以降は、電子データでの保存が必要です。 
• 電子帳簿保存法の対象となる資料の分類と概要 
• 各資料の分類ごとの保存方法 
• IT及び業務プロセスの観点からの実務的な対応方法 
• 国税庁の一問一答及びガイドライン