qualified invoice system; qualified invoice retention system
A Japanese tax system introduced in 2023 that requires businesses to issue and retain qualified invoices to claim input tax credits. Often discussed in the context of consumption tax.
See also: インボイス · 適格請求書等保存方式
With the start of the qualified invoice system, tax-exempt businesses also need to consider registration.
Under the qualified invoice system, you cannot claim input tax credits unless you retain qualified invoices.