Search found 4 matches

by Stever
Sat Feb 05, 2022 6:26 am
Forum: Taxes
Topic: Moving assets to Japan
Replies: 9
Views: 1259

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...
by Stever
Thu Feb 03, 2022 2:15 am
Forum: Taxes
Topic: Moving assets to Japan
Replies: 9
Views: 1259

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...
by Stever
Tue Feb 01, 2022 9:50 pm
Forum: Taxes
Topic: Moving assets to Japan
Replies: 9
Views: 1259

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 ...
by Stever
Tue Feb 01, 2022 5:55 am
Forum: Taxes
Topic: Moving assets to Japan
Replies: 9
Views: 1259

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...