This article discusses Value-Added Tax (VAT) or "consumption tax" in Japan, which is imposed on all goods and services sold within the country at a rate of 8%. It explains that foreign tourists are eligible for VAT refunds in Japan, provided they have stayed in Japan for less than 6 months and have spent more than 5,000 yen on taxable items. It also outlines what goods are eligible for VAT refunds, how to claim a VAT refund, and provides tips and pros/cons of claiming a VAT refund. Finally, it includes expert opinion from Charles R Tokoyama CEO JAPAN INSIDERS regarding Value Added Taxes & potential savings opportunities available during stay.