Japan taxation of US 401k account dividends
Posted: Wed Jan 31, 2024 12:14 pm
I did some searching on this forum but I wasn't quite able to find an answer to my question.
I am a Japanese tax permanent resident, so I'm taxed on global income. I understand that I need to pay taxes on the dividends and capital gains in my US taxable brokerage account, but I don't quite understand how my 401k retirement account is taxed in Japan.
Do I need to pay taxes in Japan on dividends in my 401k account? What about if I trade in my 401k account, do I need to pay taxes on capital gains?
I am a Japanese tax permanent resident, so I'm taxed on global income. I understand that I need to pay taxes on the dividends and capital gains in my US taxable brokerage account, but I don't quite understand how my 401k retirement account is taxed in Japan.
Do I need to pay taxes in Japan on dividends in my 401k account? What about if I trade in my 401k account, do I need to pay taxes on capital gains?