An invoice is a document prepared and sent by a provider of goods or services (the seller) to a client (the buyer). This document itemizes and stands as record of the transaction between a buyer and seller. An invoice is an essential document as it ensures the seller is paid on time, it provides a legal record of the sale and it reduces tracking problems.
INS Global consulting allows companies and freelancers without an existing entity or structure in Japan, to invoice their clients in the local currency. INS Global thus acts as an intermediary between your business and your Japan-based clients.
Using an external service to produce your invoice has some significant advantages:
As opposed to other jurisdictions, the requirements of an invoice Japan are far less stringent. The Japanese government has not provided set standard requirements or a particular structure that needs to be adhered to. As such, businesses generally follow their own particular format. However, the standard invoice in Japan should at least include the following:
Although there is no prescribed format provided by the government for a commercial invoice, this document is extremely important. A commercial invoice is the primary means of certifying a sale, providing record of a transaction and in certain cases it can be used as a means of reference. This particular type of invoice should contain specific detail and should include the following information:
If a sole proprietor issues an invoice, that invoice must contain:
INS Global consulting is Asia’s leading human resource solutions firm and, as such, our experts are vastly experienced in invoice management. We ensure efficient and reliable invoicing, which simplifies the process for our clients, while remaining compliant with local laws and regulations.
Since our incorporation INS Global has been dedicated to providing value to our clients and to do so with a high level of integrity. Therefore, our service cost is a standard management fee based on the total invoice amount (including the VAT), with no extra withholding costs.
If you have any questions regarding invoicing in Japan or any other HR related queries, contact us today and let our experts assist you in expanding and simplifying your business abroad.