Japan Tagging on Tourist Tax to All Departing Persons

Japan

As of January 7, 2019, all those leaving Japan will be required to cough up an additional 1,000 yen (US$9). The money will be collected to improve tourism infrastructure in the country.


The levy, known as the International Tourist Tax, will be obligatory and all nationalities, regardless of the reason they are leaving the Japan. Tourists, businessmen, and any other traveler, as long as he or she is beyond 2 years old, will have the surcharge added to the price of their plane ticket.


Japanese authorities expect to raise about 50 billion yen. With the new money they plan to improve tourism infrastructure, including making the immigration process at the airport smoother, and encouraging visitors to go beyond the usual Tokyo and Kyoto stops during their stays in Japan.


The Asian democracy has been stepping up its marketing to the international tourist sector as a new source for its economic growth. In 2018 it is estimated that about 30 million foreigners visited Japan, the most ever. Many of the growth in tourism comes from Asian visitors, especially those arriving from China, South Korea and Taiwan. Japan is hoping that the coming Olympics will get the number of visitors to Japan up to 40 million by the year 2020.

James Cannon

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com