Search found 4 matches
- Sat Feb 05, 2022 6:26 am
- Forum: Taxes
- Topic: Moving assets to Japan
- Replies: 9
- Views: 1379
Re: Moving assets to Japan
Thanks for your comments Tykdon. If you leave it in the bank in China until 2023 and then transfer it, it is just a cash asset transfer and not a taxable income event. I will transferring my trading account to Japan this year, so I will need to file a tax return for dividends and any potential capit...
- Thu Feb 03, 2022 2:15 am
- Forum: Taxes
- Topic: Moving assets to Japan
- Replies: 9
- Views: 1379
Re: Moving assets to Japan
I did some further digging and found an interesting link that reaffirms my Japanese accountant's initial advice. Has anyone had any experience with this? https://ty-tax-accountant.com/en/archives/6972 Likely overlooked Tax on Remittance “Remittance Tax” is a typical problem for foreigners who are ne...
- Tue Feb 01, 2022 9:50 pm
- Forum: Taxes
- Topic: Moving assets to Japan
- Replies: 9
- Views: 1379
Re: Moving assets to Japan
Thanks for both of your replies. I am glad to hear that I am not alone on my interpretation of savings vs income. I will confirm this with the accountant, if she does not understand it this way then I will look elsewhere. My first year tax filing will be a challenge for the accountant, best to have ...
- Tue Feb 01, 2022 5:55 am
- Forum: Taxes
- Topic: Moving assets to Japan
- Replies: 9
- Views: 1379
Moving assets to Japan
Newbie here. I have been following this page from time to time, it has been a great go-to place for information. I found several messages on the board that answer some of my questions, but I am struggling to understand the potential tax issues for moving cash to Japan. Background I have been working...