I’m a permanent resident in japan and I will move all my money from my country to Japan I’m retired what kind of tax I need to be aware of other than residence tax and my insurance
Gift tax because your bank will ask where that large chunk of money comes from
Residence tax and health insurance (and national income tax) are all based on your income. If you have no income then you will not incur any tax burden and will remain at lower health insurance premiums.
Speak with a Japanese tax accountant asap too. Many have good English and advertise themselves. If your home country has a tax treaty with Japan there could be some big traps for the unwary.
3 comments
Gift tax because your bank will ask where that large chunk of money comes from
Residence tax and health insurance (and national income tax) are all based on your income. If you have no income then you will not incur any tax burden and will remain at lower health insurance premiums.
Speak with a Japanese tax accountant asap too. Many have good English and advertise themselves. If your home country has a tax treaty with Japan there could be some big traps for the unwary.