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And 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

by xevb3k 8y ago

And 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...