Search found 3 matches

by Tom.Portland
Tue Jun 18, 2024 7:44 am
Forum: Taxes
Topic: Japanese Tax on IRA Distribution...
Replies: 3
Views: 495

Re: Japanese Tax on IRA Distribution...

Thank you. I see that the prevailing wisdom is that IRA's should only be taxed on distribution by Japan. Now, having paid double tax, I wonder if there is any chance of me succeeding with a refund claim? I'm not hopeful, since there are no crystal clear statements of the policy with regard to tax on...
by Tom.Portland
Sun Jun 16, 2024 2:52 pm
Forum: Taxes
Topic: Japanese Tax on IRA Distribution...
Replies: 3
Views: 495

Japanese Tax on IRA Distribution...

There have been a few questions recently about how Japan taxes IRAs. I have some recent, unpleasant experience related to this. On March 15th, at the tax office, I was told that I owe tax not only on the gains (interest and dividends) in my IRA, but also a distribution I took from that same IRA. An ...
by Tom.Portland
Sun Jun 16, 2024 2:26 pm
Forum: Taxes
Topic: Roth Conversion for Japanese Citizen
Replies: 1
Views: 394

Re: Roth Conversion for Japanese Citizen

I came to this forum to learn about how Japan taxes (regular) IRAs. At my last visit to the tax office here in Japan, my first after becoming a permanent resident for tax purposes, I was told I must pay taxes both on the income in my IRA *and* a distribution I took last year. That, in a sense is tax...