tax

I’m planning on reselling Japanese products (I offer the products on my social media to my followers), I live in Japan and I’m a U.S. tax payer, I can’t find info on how that would reflect on my Japan taxes or how to declare it. Should I register as a sole proprietor? I have a LTR status, no...

Dear fellow redditors, I've been scouring through previous posts on the topic of inheritance taxes and the calculations behind them but has anyone actually gone through the process or spoken to a tax advisor or the NTA and received advise on what is the correct way to calculate your tax...

As a Japanese citizen with U.S. permanent residency who retired in 2013. I spent approximately 9 to 10 months each year in Japan and the remaining 2 ~ 3 months in the U.S. from 2013 to 2022. For 2023, I was in the U.S. for almost 11 months. From 2013 to 2022, I consistently filed U.S. tax...

Hi all Me and my partner reached out to an accountant for advice regarding buying a second property and converting our current PPOR into an investment. We are about to begin the pre approval process, and have attained two rental and valuation appraisals and are currently setting up a...

Just hoping that someone can tell me if I understand the basic system correctly, since it seems fairly convoluted. So to begin with, let's say that there's a hypothetical estate worth ¥8 million yen, to keep things simple. If I understand things properly, the inheritance taxes might go like...

I called the IRS international line recently to request an EIN for my 合同会社 because I need to file either IRS Form 5471 or IRS Form 8832 and subsequently IRS Form 8858 each year and have to decide upon that pretty quickly since the business was officially designated as established by the Yokohama...

They seem to think that based off 60k income with 10.8k tax paid, I’d be getting 1.2k back. Seems a little generous. Is this a scummy tactic to get me to use their service?

It's income tax season soon! I've had this template to estimate my tax annually for some years, and I thought to just share it if anyone finds it useful :)...

Hi everyone. As the title suggests, need to get some insight on the benefit of creating a a current account or whether it’s necessary to do so considering my situation. Just a little background, I’m currently freelancing full time. However, my “freelance” work may be slightly different to what...

When I log into my investor centre and check my dividends for the financial year, I have a lot of numbers: Franked amount Unfranked amount Gross amount W'holding Tax Net amount Franking credit When I add dividends on my tax return on MyGov however, I only have: A) Total unfranked amount B)...

Hello. I work for an IT company, that allows us to work remotely. Is it possible to work 183 days in Canada (to keep Canadian tax residency) and the rest - work from Japan for the same Canadian employer? I mean is it possible to make it clear and legal, in accordance to all laws? What type of...

Hello, anyone has experience filling in Borang B? I'm a freelancer how i fill in the balance sheet part? I keep track of my income and expenses ij excel but didnt do proper account, and i use my personal bank account so i dont know how much cash belongs to business too. Should i leave this blank?

I found I have to pay tax on all the interest my savings is earning now. That pisses me off because it’s going up less than the price of food, rent, etc… yet I don’t get a tax discount for paying high energy bills yet I get taxed for getting more interest on my savings which is only happening...

hi, would like to check if buying property using a company can be used as an expense? in the simplest terms, if i forecast my net profit of 200k for FY23 (prior to purchasing the property) and I then bought a property for 200k in FY23, will my PnL / balance sheet be 0 hence i pay 0 tax in 2024...

Hi All, I have some questions regarding my side income and how to go about income tax filing. Context Recently I've started a modest side income whereby I buy / refurbish / sell items for a profit Carousel / FB Marketplace. Average monthly income is RM1-3K. Majority of sales are done via Bank...

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...

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...

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...

As the title says

Hi All! As the title says, I'm an Aussie living in Japan, and I'm working remotely for my Aussie company. I've been here in Japan almost 2 years - on a working holiday visa initially (until March this year) and on a spouse visa since then. I've been working remotely for my Aussie company the...