income tax
Are derivative transactions in foreign markets subject to separate or comprehensive Taxation?

An increasing number of individual investors are conducting derivative transactions in foreign markets through securities companies headquartered overseas, with underlying assets such as foreign stocks, foreign stock indices, and foreign exchanges. The prices of these derivative transactions generally fluctuate more than the price fluctuations of the underlying assets. As a result, the investor enjoys more […]

Read more
income tax
Tax Return for Refund Due to Taxation on "Lump-sum Withdrawal Payment from Employees' Pension" (Part 2)

Today, following Part 1 of my blog dated October 12, "Lump-sum Withdrawal Payments from the Employees' Pension(Part 1)," I will introduce points to keep in mind when filing a tax refund return. 目次(Table of contents)1 The waiting period till receiving the payment2 When can you file a tax return for a refund?3 Points to keep […]

Read more
income tax
Tax Return for Refund Due to Taxation on "Lump-sum Withdrawal Payment from Employees' Pension"(Part 1)

I firmly notice that inquiries or consultations have increased about income tax on lump-sum withdrawal payments from Employees’ Pension, etc., from those who leave Japan to reside in other countries. The lifting of travel restrictions to prevent Covid-19 may affect this. I want to explain the following points in this and the following blog: What […]

Read more
gift tax
The scope of taxable properties when you receive ones as gifts from your parents overseas

Seniors worldwide want to support the living and growth of their children and grandchildren as far as circumstances permit. Today, I would like to focus on the following if foreigners living in Japan received a gift of property from their parents who had never set foot in Japan: Is only "property in Japan" (domestic property) […]

Read more
income tax
Business commencement expense(Kaigyou-hi、in Japanese)

Business commencement expense(Kaigyou-hi、in Japanese)is an item related to all people who start a self-employed business in Japan, regardless of nationality. However, not all the expenses incurred before opening a sole proprietorship can not be business commencement expenses. If you apply wrongly, the tax office may point out you. On the other hand, a better understanding […]

Read more
income tax
Foreigners in Japan are also eligible for housing tax credits.

Last month, the Nation Tax Agency announced roadside prices for 2022.(“Roadside prices”, Rosen-ka(路線価)in Japanese, are assessed values of lands facing a major road for inheritance tax and gift tax purposes.) According to it, compared to 2021, the land price has risen the most in Hakuba Village, Nagano Prefecture. National newspapers reported that its main reason […]

Read more
income tax
Necessary expenses:Part1

There is an article on the National Tax Agency (after the NTA) website about the scope of "necessary expenses." "Necessary expenses" sound plain and easy, but it's hard to explain to taxpayers. I pay tribute to the NTA for summarizing this subject in English. But, it is undeniable that there is a lack of further […]

Read more
income tax
Just "foreign exchange rate", but "foreign exchange rate."

The yen depreciation or fluctuations in the exchange rate are reported daily. Today, with people such as below in mind,・ Foreigners living in Japan who have properties in their home country,・ Or a Japanese who returned to Japan while making financial assets locally when assigned, I will describe the yen conversion rate when conducting transactions […]

Read more
income tax
A "non-permanent resident" Part 2‥Remittance Taxation

目次(Table of contents)1 Review of the previous blog2 The range of "remittances" to be taxed is more expansive than you suppose from words.3 Likely overlooking "Remittance Taxation."3.1 Amount of remittance and taxable income3.2 What we can see from the above4 At the end Review of the previous blog For non-permanent residents, Japan's taxable income on […]

Read more
income tax
A "non-permanent resident" Part 1

目次(Table of contents)1 What is a "non-permanent resident"? 2 How do you calculate " having an address or domicile in Japan for an aggregate period of five years or less within the preceding ten years the preceding ten years"?2.1 The preceding ten years2.2 An aggregate period3 Scope of taxable income tax What is a "non-permanent resident"?  Under […]

Read more