RetireJapan

[ It does not make clear that 900,000 is actually calculated by 2M * (30%-10%) + 2M * (30%-15%) + 2M * (30%-20%) for all the bands that are below 30%... or that 1,900,000 is actually calculated by 2M * (40%-10%) + 2M * (40%-15%) + 2M * (40%-20%) + 4M * (40%-30%) for all the bands that are below 40%...

For the Gift from your Parents, and to your kids... After the Gift Tax Deduction: Gift Tax Rates From Lineal Relatives (Parents, Grand Parents, etc.) Band Marginal Tax rate (％) - Max Tax in Band Yen Under 1,999,000 - 10% Y200,000 2,000,000 to 3,999,000 - 15% Y300,000 4,000,000 to 5,999,000 - 20% Y4...

The declaration thing I didn't know about. Is that for bullion only? We have brought back gold jewelry (24k) that cost much more than ¥10,000 (but under 200,000 per person). Just to be sure, I had a look at the current customs declaration, downloadable in English here . Section 1 requires the decla...

According to the forms, it needs to be a "long term" kyosai member for the 12,000 limit to apply. I'm not sure what a long term member is, though. "Long-term" here is not a reference to length of membership but to length of benefit payments ( chōki kyūfu ). Mutual-aid societies ...

There are no special limits I am aware of on the amount of gold you can bring into the country as long as it is properly declared and consumption tax paid (there are no tariffs on gold -- just consumption tax). Regarding consumption tax, the purchaser is the one who pays, so although in Japan the co...

Again, one must be careful not to conflate CRS requirements for TINs with FATCA requirements: OECD guidelines apply rather than those of the IRS. That said, the OECD document I cited earlier also indicates that, unlike individuals, "enties" in Japan aren't automatically issued TINs. The wo...

ahah I am too lazy so I found that. https://www.nta.go.jp/taxes/shiraberu/kokusai/crs/pdf/0021012-107_02.pdf "(*4) Persons whose jurisdiction of residence is Japan are required to indicate their jurisdiction of residence as "Japan." In that case, "My Number (Personal Identity Nu...

... Edit: I should add that he still has the money in his account, a few years after receiving it, and has yet to find a property to purchase. I guess the authorities can't force you to make a purchase! Edit2: I found this link in another thread on this forum. This forum is a seriously excellent re...

September, we heard... As noted in an earlier post, the new limit takes effect on December 1, 2024 (the mistaken September date seems to come from date the revised law was promulgated: September 1, 2021). Precise calculations vary by entity, but the PMAC figure used to arrive at the new limit (an e...

Here is the Japanese-language page describing Sony Bank's foreign-currency time deposits, available in the same 12 currencies as for regular fx accounts. You can use yen from your regular account to fund an fx time deposit (minimum of 100,000 yen), or simply use existing foreign-currency deposits to...