Will the electronic invoice system reduce the work of consumption tax-exempt businesses?
The impact on small and medium-sized enterprises and the construction industry. An overview and measures to continue business while avoiding a decrease in orders.
With the introduction of the invoice system in October 2023, the input tax credit for consumption tax-exempt businesses will be gradually reduced and completely abolished by October 2029. As a result, the tax burden on taxable businesses on the ordering side is expected to increase, leading to a significant decrease in orders to tax-exempt businesses such as sole proprietors in the construction industry. We will introduce an overview of the invoice system that you must know and measures to continue your business while avoiding a reduction in orders. *You can view the detailed content of the blog through the related links. For more information, please feel free to contact us.
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Ishida Data Service Co., Ltd. is a company that develops various software, including a system estimation software for the construction industry (Honmaru) and a construction cost management software (Ninomaru). Through sales agents nationwide, it is used by thousands of companies and supports the IT transformation of the equipment industry with many years of experience.
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