Supplementary Provisions, Article 14Transitional Measures Concerning Deduction of Consumption Tax Relating to Bad Debts, etc.

Where a business operator has become unable to collect all or part of the tax-inclusive price prescribed in Article 39, paragraph (1) of the Consumption Tax Act of a transfer of virtual currency because a fact prescribed in that paragraph has occurred with respect to accounts receivable or other claims relating to a transfer of virtual currency made in Japan before the Effective Date, the provisions then in force continue to govern the deduction, etc. of the amount of consumption tax under Article 39 of that Act relating to the transfer of virtual currency that has become uncollectible.