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Can be away for up to a year at a time, or up to five years if you apply for a re-entry permit. Unlike the US, there is no requirement to maintain continuous re
by weiming 8y ago
Can be away for up to a year at a time, or up to five years if you apply for a re-entry permit. Unlike the US, there is no requirement to maintain continuous residency.
However, just like US, having permanent residency subjects you to worldwide taxation which may not be ideal for everyone.
- xevb3k 8y agoAnd it appears that permanent residency for tax purposes and the VISA, are unrelated. So if you’re in Japan for more than 5 years you maybe taxed on your world wide income? https://www.japantimes.co.jp/community/2016/10/30/how-tos/long-term-foreign-japan-residents-must-declare-overseas-assets-taxed/ https://www.japantimes.co.jp/community/2016/10/30/how-tos/lo... If anyone has more information, I’d be interesting it reading it as it’s pretty unclear to me.
- weiming 8y ago> So if you’re in Japan for more than 5 years you maybe taxed on your world wide income? Correct [1], even if you're on a regular work visa. "Permanent resident for tax purposes" != "Permanent resident as in visa" Interestingly, as of 2017, you're taxed on worldwide investment income like selling stock (with some exceptions [2]) even if you're there for < 5 years. [1] http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Japan-Individual-Residence http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Japa... [2] https://www.pwc.com/jp/en/taxnews-international-assignment/assets/gms-20170511-en.pdf https://www.pwc.com/jp/en/taxnews-international-assignment/a...