NISA - Kakutei Shinkoku, etc

[Viralriver]

Quick question that just came to mind - is there any end-of-year form/ tax form etc, where I need to declare the assets I have in my NISA or non-NISA wrapped investment account?

I use NISA through Rakuten, and I did sign up with the "handle taxes for me", but not sure if I still need to declare anything? I also have some assets in the non-NISA wrapped part of the account (and will have even more soon as I need to start investing in bonds as well...). I didn't fill out a kakutei shinkoku last year, and hoping I don't need to deal with more paperwork, but of course if it is a necessity I will!

Thanks!

[RetireJapan]

No need to declare NISA or iDeCo. As long as you have a 確定口座（源泉徴収あり） account, no need to declare anything in your taxable account either.

I believe the above is true, but if anyone has information to the contrary please do post it, we're all here to learn including me

[TokyoWart]

No need to declare NISA or iDeCo. As long as you have a 確定口座（源泉徴収あり） account, no need to declare anything in your taxable account either.

I believe the above is true, but if anyone has information to the contrary please do post it, we're all here to learn including me

This is mostly true . If you are required to give a full listing of your assets on the 財産債務調書 then that will include your NISA account. I don't have iDeCo but assume it would also be included in that listing. This isn't a declaration of interest or capital gains, just the total account balance on December 31st of each year.

[RetireJapan]

If you are required to give a full listing of your assets on the 財産債務調書 then that will include your NISA account.

When would this kick in? High income?

[TokyoWart]

If you are required to give a full listing of your assets on the 財産債務調書 then that will include your NISA account.

When would this kick in? High income?

A little bit of both:

所得税及び復興特別所得税（以下「所得税等」といいます。）の確定申告書を提出しなければならない方で、その年分の 退職所得を除く各種所得金額の合計額（注1）が2,000万円を超え、かつ、その年の12月31日において、その価額の合計額が3億円以上の財産又はその価額の合計額が1億円以上の国外転出特例対象財産（注 2）を有する場合には、 財産の種類、数量及び価額並びに債務の金額その他必要な事項を記載した財産債務調書を、その年の翌年の3月15日までに、所得税の納税地の所轄税務署長に提出しなければなりません（「財産債務調書制度に関するお知らせ 」もご覧ください。）。

https://www.nta.go.jp/taxes/shiraberu/t ... i/7457.htm

[RetireJapan]

Ah, 20m in income or 300m in assets (100m in overseas assets).


Should be okay

[mighty58]

Ah, 20m in income or 300m in assets (100m in overseas assets).

My Japanese isn't perfect, but the かつ would mean 20m in income and 300m in assets ... no?

[Viralriver]

Thanks for the replies. I should just be okay - it really does scare me though how there's so many random forms which I have no idea about ^^'.

To anyone who is wiser than me, my salary is 18.9M but with the RSU I am provided by my company, it goes a little above 20m. It won't have done last year, but will this year, so I assume I will need to fill one of these forms out?

[TokyoWart]

Thanks for the replies. I should just be okay - it really does scare me though how there's so many random forms which I have no idea about ^^'.

To anyone who is wiser than me, my salary is 18.9M but with the RSU I am provided by my company, it goes a little above 20m. It won't have done last year, but will this year, so I assume I will need to fill one of these forms out?

I think you need to meet both the asset test as well as income test before that form is required. You will have to file an individual tax return (確定申告) if your income is above 20 million yen.

[mule96]

My Japanese isn't perfect, but the かつ would mean 20m in income and 300m in assets ... no?

That is also my understanding!