AmericanInJapan wrote: ↑Thu Mar 10, 2022 1:25 am
dcon wrote: ↑Tue Mar 08, 2022 12:37 am
Just FYI....This clearly includes stocks traded on foreign commodity markets in the "listed stocks" bucket (at least that is my take if I run it through google translate):
https://www.nta.go.jp/taxes/shiraberu/t ... u/1463.htm
OK, stocks and ETFs. But what about mutual funds? They are not traded on the exchanges. They of course invest in 'listed stocks' but the fund members do not directly own these stocks, the stocks are not held in proxy for them, they have no control over what stocks are bought and sold, and when.
To me this means foreign mutual funds fall into the 'unlisted/other' category for tax purposes.
I came across this a couple days back. I guess the tax system is set up to handle the nice exceptions that apply to the Japan exchange listed stocks and that is why we are told to call them unlisted/general in the system. The most interesting statement is at the bottom where it says:
"2 By the way, in the 2004 tax reform, the beneficiary securities of publicly offered stock investment trusts and the investment units of specified investment corporations will be included in "listed stocks, etc." The following exceptions will be applied.", etc.
https://www.nta.go.jp/law/joho-zeikaish ... 715/02.htm