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Reducing stamp costs |
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Stamp costs can be reduced because contracts with electronic documents are exempt from the stamp duty.
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Stamp duty exemption
Statements that any documents created by electromagnetic record are exempt from stamp duty can be found in such documents as the National Diet
Answer Number 9 House of Councilors Inter- pellation 162 Number 9 (March 15, 2005) and Zeimu Tsuushin (May 14, 2001).
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Saving storage space |
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Documents, such as order forms, price quotations, and invoices,
must be stored as stipulated by corporation tax law or the ordinances of enforcement of income tax.
For those documents, storing the data in electronic form can save storage space because digitalized data under the rules of the electronic document law are, in principle, permitted
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Efficiency of business operations |
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Because electronic documents make searching, browsing, and delivery easy, efficiency in business operations,
such as speeding up cross-sectional operations and the smooth running of communications with business partners, is possible.
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Unify management of access to electronic documents to reinforce internal control.
Also, attaching electronic signatures and time stamps to electronic documents allows the storage of data and the ensuring of authenticity and originality.
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