Search results

@kristhuy Not sure if this is what you would consider a primary source of information (NTA.co.jp), but I wanted to share this article: https://www.nta.go.jp/english/taxes/individual/pdf/incometax_2020/04.pdf Based on this document and the table on p7, it seems pretty clear that if my status is...

@kristhuy Could I ask you a follow up question? If the income is related to a banner ad on a hosted website that I own, would this be considered passive? Would it be considered an activity originating in Japan? I don’t actively develop the site any more, so traffic is fueled through existing...

@kristhuy Thank you so much for the thorough reply. I want to handle this the right way and I don’t mind having the conversation with the employer. It’s the same company I worked for while in the US and I had reported that business when I first started with them 7 years ago. It sounds like I...

@phillev Thanks for taking the time to respond, I’ll get this taken care of ASAP.

@cechols Thanks for this additional perspective. I was of the same mind as you about not saying anything about it, but definitely don’t want to jeopardize my visa and wonder if the US shares more details than the EU about its citizen’s businesses… The business itself is not earning a huge sum...

@kristhuy Thought of one additional question. If I discuss this situation in detail with an accounting firm in Japan, is the information kept between us? Or are they obligated to report whatever I share with them (basically is there a client / attorney privilege equivalent in Japan). I was going...

@kristhuy Performed by me.

Hi, for many years prior to moving to Japan I have been running a single-member LLC based in the US, taxed as a partnership with one US-based customer. My company’s bank account is based in the US in USD and I don’t remit any of that money to Japan. Since I’m on a non-permanent resident visa and...