Search found 32 matches

by VG1
Sat Apr 27, 2024 5:33 am
Forum: Taxes
Topic: Social insurance potentially being added to financial income
Replies: 11
Views: 400

Re: Social insurance potentially being added to financial income

Thanks for your article. It is something I had been thinking about recently and was sort of expecting due to the reason explained by Deep Blue in his post. I would be surprised if they did it for NISA as it would be so contradictory. But I would be much less surprised if they decided this for taxabl...
by VG1
Sat Apr 27, 2024 5:20 am
Forum: Taxes
Topic: Social insurance potentially being added to financial income
Replies: 11
Views: 400

Re: Social insurance potentially being added to financial income

Yes the maximum public health insurance premium is capped. This cap depends on where you live (locally decided) but this is quite high. 1.2 mio where I am.
by VG1
Thu Oct 05, 2023 12:35 pm
Forum: Stock market investing
Topic: Rakuten 5 year 4.84% thing
Replies: 10
Views: 3705

Re: Rakuten 5 year 4.84% thing

https://www.rakuten-sec.co.jp/web/bond/foreignbond/products/20230925/ My Japanese isn't quite good enough to fully understand this. The big headline seems to be 5 years @ 4.84% (before tax). It's a bold headline but surely it's not a guaranteed return. Or is it? And what might the catch here be? So...
by VG1
Wed Sep 20, 2023 6:18 am
Forum: Taxes
Topic: E-filing Japanese taxes in English
Replies: 11
Views: 2697

Re: E-filing Japanese taxes in English

Hello, I was told by a Japanese tax accountant that it is easy to do my American taxes online. I can file it myself. He said there is an English version. I was like, huh? Anyone know anything about this? I use Turbotax in the states, but I didn't know there was (or seems to be) an equivalent in Jap...
by VG1
Sun Sep 17, 2023 2:05 pm
Forum: Taxes
Topic: Selling an inherited house
Replies: 23
Views: 5961

Re: Selling an inherited house

This issue of capital gains tax on an inherited overseas property is a bit worrying for sure. I wonder how many foreigners living in Japan know about it and actually pay it? If they don't pay it (accidentally or otherwise) then how would the NTA find out? Maybe if and when the money was transferred...
by VG1
Fri Sep 15, 2023 10:34 am
Forum: Taxes
Topic: Recommendation of tax accountant
Replies: 12
Views: 2234

Re: Recommendation of tax accountant

No recommendation... Just a list collected from this forum and and other sources, in no particular order... Former Deloitte guy kazuhiro.tahara@tahara-tax.com https://smartaxnagoya.wordpress.com Dean H. Yoshimoto https://www.linkedin.com/in/dean-h-yoshimoto-a28a3310b/ https://www.ata-tax.jp/service...
by VG1
Thu Sep 14, 2023 5:32 am
Forum: Taxes
Topic: Recommendation of tax accountant
Replies: 12
Views: 2234

Recommendation of tax accountant

I am seeking a good tax accountant with expertise in cross-border issues. I have assets abroad and recently sold real property in a foreign country. While English proficiency is preferred, I have no problem communicating in Japanese. Expertise and competence are more important! It may have been disc...
by VG1
Fri Sep 08, 2023 12:15 pm
Forum: Taxes
Topic: Tax situation after retirement
Replies: 5
Views: 1137

Re: Tax situation after retirement

Thank you. By the way, does anyone know a reliable tax accountant in Tokyo? In addition to the impact on public health insurance premiums, I also need to consult regarding tax filing for the real estate sale, declaration of foreign assets exceeding 50 million, and tax filing for inheritance. Languag...
by VG1
Fri Sep 08, 2023 6:44 am
Forum: Taxes
Topic: Tax situation after retirement
Replies: 5
Views: 1137

Re: Tax situation after retirement

I am currently retired and paying for kokumin kenko hoken. I recently sold some real estate abroad, and I'm aware that I need to declare this income in Japan and pay 20% income tax and resident tax. However, I'm curious whether this sale will also affect the public health insurance premium I'll be r...
by VG1
Sat Jul 15, 2023 7:13 am
Forum: Stock market investing
Topic: Are there are T-Bill equivalents or ETFs one can buy from Japan?
Replies: 10
Views: 4211

Re: Are there are T-Bill equivalents or ETFs one can buy from Japan?

I believe an emergency fund in USD should be invested in very short-term maturity US government debt, specifically short-term T-bills with a maturity of 1 to 3 months. By doing this, you can avoid both credit and interest rate risks. In my opinion, the best short-term T-bill ETF is the one with the...