Category: Personal Tax

This is one of the frequently asked questions. Basic rule: Non permanent tax resident is not taxable for foreign source income unless the gain is repatriated into Japan The basic rule is that foreign sourced income of non-permanent tax residents (who have been in Japan more than 5 years in the past 10 years) is … Read More “Is capital gain from foreign stocks I purchased before I came to Japan taxable or not taxable? Talking about 特定有価証券の譲渡” »

Recently Japanese Yen became even weaker to almost 145 yen per USD. I received a question from a client today whether exchange gain will be reportable or not for Japanese Income Tax. It would feel a bit unreasonable if one had to pay tax on the gain if her savings were accumulated even before she … Read More “Income tax on currency exchange gain” »

People sometimes get confused about the concept of tax Permanent Resident with Rermanent Resident for VISA. They are separate concepts. Being a Permanent Resident (PR) for VISA does not necessarily mean you are a Permanent Resident for tax. PR for visa is a permission to stay and you can still decide how many days you … Read More “Tax Permanent Resident status vs Permanent Residency for VISA” »