The Liberal Democratic Party has decided to establish a special provision allowing a 2-month grace period for replacing price tags in preparation for a 2-year consumption tax reduction on food products starting next April. The actual price must be displayed on store shelves.
In light of the concentration of price-label changes over a short period following the consumption tax reduction on food products, the Liberal Democratic Party has proposed a special provision allowing a 2-month grace period for replacing price tags.
The special provision is intended to apply to a 2-year consumption tax reduction on food products starting next April, apparently with the aim of avoiding confusion when the tax rate changes.
During the grace period, the actual price must also be clearly displayed on store shelves or elsewhere so that consumers can see the amount they will actually pay.