Search found 685 matches

by Beaglehound
Thu May 23, 2024 2:51 pm
Forum: Taxes
Topic: Declaring interest earned by savings accounts outside of Japan
Replies: 4
Views: 64

Re: Declaring interest earned by savings accounts outside of Japan

That makes sense, yes NS&I products are fine for overseas residents, though the proof of ID and address requirements for opening an account involve certifying documents, so not without hassle and cost (you may already have an account with them, which would likely make it easier). Premium bond pr...
by Beaglehound
Thu May 23, 2024 8:07 am
Forum: Taxes
Topic: Declaring interest earned by savings accounts outside of Japan
Replies: 4
Views: 64

Re: Declaring interest earned by savings accounts outside of Japan

Yes, there is a section in the blue form for overseas interest, it is aggregated with your other income so you will be taxed on it at your marginal rate and it will also be assessed for health insurance premiums unless you are on shakai hoken. You need to convert it notionally to yen on the day the ...
by Beaglehound
Sat May 11, 2024 12:35 pm
Forum: General
Topic: Pending- Law to revoke the permanent residency status of foreign nationals who fail to pay taxes
Replies: 43
Views: 1953

Re: Pending- Law to revoke the permanent residency status of foreign nationals who fail to pay taxes

Another article on this in the Mainichi today. This time providing much better context. Apparently the rate of nenkin payment non-compliance amongst the whole of the population is double that of the immigration sample... https://mainichi.jp/english/articles/20240511/p2a/00m/0na/008000c From a discu...
by Beaglehound
Sat May 11, 2024 11:27 am
Forum: General
Topic: Pending- Law to revoke the permanent residency status of foreign nationals who fail to pay taxes
Replies: 43
Views: 1953

Re: Pending- Law to revoke the permanent residency status of foreign nationals who fail to pay taxes

Another article on this in the Mainichi today. This time providing much better context. Apparently the rate of nenkin payment non-compliance amongst the whole of the population is double that of the immigration sample...

https://mainichi.jp/english/articles/20 ... na/008000c
by Beaglehound
Sat May 11, 2024 3:55 am
Forum: Insurance
Topic: Home (and earthquake) insurance
Replies: 5
Views: 270

Re: Home (and earthquake) insurance

All Insurance Premiums you pay can be deducted from your Taxable Income, either through Year End Tax Adjustment - Nenmatsu Chosei, or through Tax Filing - Kakutei Shinkoku, so you do not pay tax on those insurance Premiums, or looking at it another way, the government pays 30-50% of the premium wit...
by Beaglehound
Fri May 10, 2024 2:35 pm
Forum: General
Topic: Pending- Law to revoke the permanent residency status of foreign nationals who fail to pay taxes
Replies: 43
Views: 1953

Re: Pending- Law to revoke the permanent residency status of foreign nationals who fail to pay taxes

I got the exact same response. Most of the delinquency relates to pension. I wonder when proving pension payment became part of the PR process. Maybe these parents got PR when that wasn't part of it, so didn't realise it would be checked. Not excusing folk dodging obligations but it does seem that t...
by Beaglehound
Thu May 09, 2024 2:58 pm
Forum: General
Topic: Pending- Law to revoke the permanent residency status of foreign nationals who fail to pay taxes
Replies: 43
Views: 1953

Re: Pending- Law to revoke the permanent residency status of foreign nationals who fail to pay taxes

Agree that the Mainichi is usually fine. I was irked enough to fire off a polite questioning message to them on this one though. Haven't checked out the Japanese original yet to see if that's where the problem lies, but the translation team have to do better than that in any case.
by Beaglehound
Thu May 09, 2024 9:37 am
Forum: General
Topic: Pending- Law to revoke the permanent residency status of foreign nationals who fail to pay taxes
Replies: 43
Views: 1953

Re: Pending- Law to revoke the permanent residency status of foreign nationals who fail to pay taxes

Grim article in the Mainichi, claiming 10% of permanent residents fail to pay taxes. Turns out this is based on a small sample of PR applications from the immigration department, and includes pension and health insurance. So not actual permanent residents (one would assume such applications were tur...
by Beaglehound
Thu May 02, 2024 10:09 am
Forum: Pension
Topic: Delaying pension
Replies: 111
Views: 166704

Re: Delaying pension

Also, a thought I had. I think many of us here are married to a Japanese wife. With how long women in Japan live, and the lack of survivors pension after 65, it may be a good idea to take your pension at 65 or 70, and have you wife delay taking her pension until 75. It will leave her with an extra ...
by Beaglehound
Sat Apr 27, 2024 9:53 am
Forum: Taxes
Topic: Social insurance potentially being added to financial income
Replies: 11
Views: 706

Re: Social insurance potentially being added to financial income

adamu wrote: Sat Apr 27, 2024 9:31 am Two things are certain in life...
Taxes and technically not taxes?