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March 31, 2014

Asia: Okinawa Convention Center unfazed by higher consumption tax

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The impending upward adjustment of Japan's consumption tax from the current five per cent to eight starting this April is not expected to affect Okinawa Convention Center's (OCC) business, according to the venue's MICE coordinator, Naomi Nakaza.

With a long history of 27 years as well as being the biggest convention space in Okinawa, OCC has its source markets from mainland Japan and overseas, especially Taiwan, Hong Kong, China and South Korea.

The centre has a discount policy that has been offering special rates to event organisers, such as 20-70 per cent less for international events with more than 10 attendees, and 10 per cent less for the rental of all OCC facilities for large-scale events.

Nakaza said the discount policy will continue albeit the implementation of the higher consumption tax in the country’s new financial year, but adjustments to the qualifying criteria can be expected, such as a minimum of 20 attendees may be required for events to enjoy the same 20-70 per cent discount.

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