中国個人所得税 住所を有さない個人に関する新規定の公布（仮訳） [Global Mobility News 2019/4]
The 2018 Japan Tax Reform Proposals were passed in the Diet into law on March 28, 2018. Effective April 1, 2018, the ‘5-year tail’ rule for foreign nationals who permanently depart Japan but had a jusho in Japan for 10 out of the last 15 years (“former not short-term foreigners”) is repealed. However, if the former not short-term foreigner returns to Japan and re-establishes jusho within 2 years of permanent Japan departure then any assets gifted by him/her during this period will be subject to Japan gift tax.
On March 28, 2018, the 2018 Japan Tax Reform Proposals were passed into law. The main changes to individual income tax under the 2018 Japan Tax Reforms include decreases in the allowable deductions against employment and public pension income, an increase in the basic exemption for taxpayers with less than 24 million yen of income accompanied by a phased-out basic exemption for taxpayers with 24 million yen or more of income and a potential decrease to the “blue form” deduction for taxpayers with business income.
The US Tax Cuts and Jobs Act that was signed into law on December 22, 2017 is the most comprehensive US tax legislation in the last three decades. Two international tax issues primarily aimed at corporate taxpayers have already been identified as also impacting individuals.
Update: Japan Non-Permanent Residents to be Taxed on Sale of Personal Property Outside of Japan
Update: Japan Gift & Inheritance Taxation Reforms affecting Expatriates on Assignment in Japan – Relief and More Exposure
Japan Gift & Inheritance Taxation Reforms affecting Expatriates on Assignment in Japan – Relief and More Exposure
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