Question #198
Overseas assets
I read Japanese nationals have to declare overseas assets of over 50m Yen as part of the tax code. This applies to Japanese nationals living and working in Japan. My question is - does this apply to Japanese nationals who left Japan to settle overseas 20 years ago and have premanent residence and pay taxes in other countries?
Category: Other
2021-08-11 20:42
Answer #1
2021-08-12 17:11
Likely, you will not be obligated to the declaration. The obligation to file a Statement of Foreign Assets applies only to Japanese residents. However, for Japanese nationa...
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Ryosuke Kimura
Attorney-at-law & Tax Accountant