japan

The latest NTA guidelines regarding the taxation of cryptocurrency can be downloaded here. In this post I will try to extract the key points from those guidelines and summarize them. As always, this information is for entertainment and discussion purposes only. There is no substitute for...

Hello, fellow redditors! I have a complex tax situation and am looking for advice or a recommendation for a reasonable tax consultant. Here are some data points that explain the complexity: I moved to Japan from NYC on January 15th and will likely return to the US in 2-3 years. I have a wife...

One of my workplaces has a rule that says employees can convert to a non-fixed term contract after 5 years but (hijokin Koshi/adjunct instructors) can only do so after 10 years. This provision is also in the contract. Thank you @revstockton, @hark, and @phillev It would seem that the answer...

Hello, A few years back, I decided to open my NISA account on WealthNavi. I know here people do not recommend such service due to the 1% fee which some will say it's way too high, but it's pretty simple and better than doing nothing. Now, the reason I did that was mainly because even tho I...

I know this is a frequently asked thing around here but I'm trying to help a friend figure out what tax related documents(and from where) does he need to get for his SoR extension since he had no luck asking this to city office through the phone. The important events are: May 2022 - came to...

I'm planning on moving back to the US for good in January. At the same time, I also need to renew my passport before then, but I'm paranoid about not getting my passport approved because I never filed for US taxes. - I've never made over 30k here in Japan, always have been low income. I've...

—message sent anonymously to moderators, requesting removal of a post about inheritance tax The second year of a subreddit’s life is said to be its most challenging. Fortunately, that hasn’t been the case for r/JapanFinance, with both subscribers and engagement growing throughout 2022...

This year will be my first time required to file using the Foreign Tax Credit since I'm over the income threshold for FEIE. Does anyone have recommendations for an online service like H&R Block or others to help guide? I already filed my FBAR as well. I contacted a Tax Consulting Service and...

Hi everyone, I'm in my 40s and in the process of converting my foreign drivers license, so I don't yet have any driving history in Japan. I'm trying to figure out the ballpark cost of secondary car insurance here. I'm considering a used (CPO) sports car, maybe around 5-7 million yen. I read...

Context: 27M gaijin, lives in Tokyo, makes around 15~18M after tax, potentially even more in the next few years. Expenses are roughly 5-6M/year, and the rest all goes into VOO. Don’t have any debt nor expensive hobbies, except maybe dining out occasionally and trips back to home country every...

I am a US citizen but my parents are elderly Japanese citizens living in Japan. From what I read, it seems for ultra low risk “investment”, it would be reasonable for funds unlikely to be needed for at least 1 year to be placed in something like 10-year Japanese treasuries...

https://www.tepco-ht.co.jp/about/index.html https://www.tokyo-co2down.jp/subsidy/initial-cost0-zokyo https://www.tepco-ht.co.jp/enekari/lp/zero/?utm_source=google&utm_medium=cpc&utm_content=7623707394_12465484772_118935337375_611213777238_kwd-298034420148&utm_campaign=02NN_SCH_%2...

Someone offline pointed me to this subreddit for advice. On a spouse visa, no work restrictions, no overseas tax obligations, first year in Japan. sorry if some of these questions are very basic and dumb-sounding! I’m about to start freelancing (let’s say writing) for a Japanese company and...

I'm 30 (M) and currently making a little more than 8 million a year with 4 years of experience in Japan as a software engineer. From next year, my goal is to earn at least 12 million per year. I'm not in AI and don't have enough competitive programming skills, so the top companies (Google...

Hi all I am thinking of buying a mansion in central Tokyo, and would appreciate the insight of anyone here who is better acquainted with the risks of ownership here. My situation : 40 years old, married to a Japanese, have PR, one 2 year old child and another on the way. Been here 10 years...

Bckground, I moved to Japan last year and a third-party firm ABC handled my tax returns. I'm now trying to figure out how they calculated the thing, specifically the dependent deductions. Q1. I can't quite figure out why there's both national and local tax deductions. Can they both be applied...

Source: - https://www.boj.or.jp/en/about/press/koen_2024/ko240208a.htm - https://richardkatz.substack.com/p/how-much-change-when-boj-eventually If you were to sign up for a home loan in the near future: would you settle with a variable rate or fixed? Curious of folks reasoning, as I’m in this...

Apologies to anyone who was eagerly awaiting a June moderation report that never arrived. I ran out of time to prepare it, so I decided to combine June and July together into a single report. Monthly Recap The sub added about 250 subscribed users per month during June and July, and was visited...

I’m an American living in Japan on a work visa. I’m employed full time at a Japanese company. I file taxes in the US but I don’t make enough to pay anything. As of right now, I am thinking I will be staying in Japan long term. I have a Japanese partner of 3.5 years, but unfortunately we can’t...

Hello! X-post from /r/Movingtojapan, I was asked to post here as it might be a bit more relevant. I have a brokerage account (EU - NL) with a few assets in stock-portfolios. I have a few questions regarding tax implications: I would like to keep my brokerage account in the EU and transfer...