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Published:
Streamline expense settlement
Committee:
Taxstatus:
NewJapan has made significant strides in digital transformation, particularly through the adoption of cashless payments and secure data systems. Cashless payments and tamperproof systems, along with sensible rules on expense processing eliminated the need for receipts in a large portion of employee expense claims. However, the introduction of the Qualified Invoice System in October 2023 has inadvertently complicated expense claim processing by newly requiring receipts for almost all transactions, even for small cashless payments. Previously, companies could rely on electronic transaction data from credit card companies for expense claims without needing receipts.
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Published:
Automobile Recycling
Committee:
Automobilestatus:
NewThe use of recycled plastics in automobile recycling is being considered, and if automobiles become a target product, it will be necessary to consider how to respond to the imposition of usage plans, regular reports, and the obligation to use recycled plastics, etc. In Europe, a draft ELV regulation was presented last year, and consideration is being given to making the use of recycled plastics, including those derived from automobiles, mandatory.
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Published:
Sustainable aviation fuel
Committee:
Airlinesstatus:
NewJapan, similar to many other countries, has announced that by 2030 airliners are required to use at least 10% Sustainable Aviation Fuel (SAF). There are, however, concerns that there will not be enough supply in Japan to fulfil this requirement.