http://forum.gaijinpot.com/ Post Your Financial Related Topics Here. Taxes, Insurance, Investments, etc. en Sat, 25 May 2013 12:34:17 GMT vBulletin 60 http://forum.gaijinpot.com/images/misc/rss.png http://forum.gaijinpot.com/ http://forum.gaijinpot.com/showthread.php?125266-national-and-local-taxes-moving-from-non-resident-to-resident-status&goto=newpost Wed, 22 May 2013 04:50:12 GMT I moved back to Japan 3/2012. 1/1/13 I resided in Nara, so they are the local tax man for 2013 which will be paid in arrears in 2014. But as of 1/1/13 I had been living in Japan less than a year.

I'm wondering about crossing the 1 year residence timeline midyear. I've looked around and seen hints eg on Nagoya city web site (random English search) which says that if you have lived in Japan for less than 1 year on 1/1/xxxx you will not get sent a local tax bill for year xxxx. This makes a bit of sense, OTOH why should they exempt me for the whole year of 2013 when I was at 9.5 months on 1/1/2013? Seems like they should pro-rate it.

Does anybody have experience with this regarding billing for local taxes for the calendar year of the 1 year anniversary of moving to Japan?

I'm no longer living in Nara, so I can't easily go and ask at the city tax office. Not sure if local tax rules/collection are uniform everywhere in every prefecture. Are they? That's actually another interesting question. ]]> kabunushi http://forum.gaijinpot.com/showthread.php?125266-national-and-local-taxes-moving-from-non-resident-to-resident-status http://forum.gaijinpot.com/showthread.php?125222-BUNKATSU-BARAI-rakuten-debit-card&goto=newpost Sat, 18 May 2013 23:09:27 GMT have anyone tried bunkatsu barai (multiple payments) with their DEBIT card? everytime im using my card to pay they always ask me how many times do i wanna pay, i got curious about this so i dug deeper, turns out its not the same as revolving payment the credit card offers, i asked a cashier once if... have anyone tried bunkatsu barai (multiple payments) with their DEBIT card? everytime im using my card to pay they always ask me how many times do i wanna pay, i got curious about this so i dug deeper, turns out its not the same as revolving payment the credit card offers, i asked a cashier once if my card can avail it,i tried explaining that my card is not a credit card( not really sure if she did understand it lol), she said as long as it is VISA, MASTERCARD and JCB it is possible, but i never really tried it. i dont really need it right now but it might come in handy someday. ]]> Von2791 http://forum.gaijinpot.com/showthread.php?125222-BUNKATSU-BARAI-rakuten-debit-card http://forum.gaijinpot.com/showthread.php?125199-How-to-calculate-Tax-(Income-and-Residential)-on-Salary-monthly-basis&goto=newpost Fri, 17 May 2013 07:27:11 GMT Hi Guys,

Does anyone know of any way to calculate the amount of net salary per month on a salary? I've been given an offer in Japan. Basically my base salary will be split into 17 parts, I will recieve 12 of those parts monthly, the other 5 parts will be split into two separate payments called the winter and summer bonus, on top of that there is a performance bonus. However, what I want to know is, how to I figure out how much I will be taxed monthly on the 12 monthly payments I will receive? I found this calculator online, can anyone say if it is legitimate or not? I'm planning on living in either Suginami-ku, or Nakano-ku.

http://digit-01.com/lifeplan/lifeplan_tedori.html


Any help would be appreciated guys. ]]> sillyusername http://forum.gaijinpot.com/showthread.php?125199-How-to-calculate-Tax-(Income-and-Residential)-on-Salary-monthly-basis http://forum.gaijinpot.com/showthread.php?125144-Transferring-Money-from-Japan-to-UK&goto=newpost Mon, 13 May 2013 17:09:43 GMT Hi Guys, I will be moving out to Japan in a couple of weeks for about a year and during that time will have to put a certain amount of money in my UK account every month. This will involve transferring money from a Japanese bank account (that I will set up) to my Natwest UK account, can anybody... Hi Guys,

I will be moving out to Japan in a couple of weeks for about a year and during that time will have to put a certain amount of money in my UK account every month. This will involve transferring money from a Japanese bank account (that I will set up) to my Natwest UK account, can anybody advise me as to the best way to do this?

Thanks ]]> Dutton86 http://forum.gaijinpot.com/showthread.php?125144-Transferring-Money-from-Japan-to-UK http://forum.gaijinpot.com/showthread.php?125133-Inheritage-Gift-Trust-USA-to-Japan&goto=newpost Sun, 12 May 2013 10:05:25 GMT I know of a Japanese national from reading the person's blog for several years. I know their name, general location in Japan, and have saved pictures and blog entries as pdf documents to i.d. them later on. I am not related to the person. This person does not know me or my name. The only contact I've had was a few encouraging anonymous replies on the person's blog.

I am not interested in leaving anything to the few family members I have left as they frankly do not deserve anything. I was thinking of leaving everything to this person and was wondering about tax laws. I see that some people get around this by giving gifts while you are still alive; however, that is really not an option as I'll need to essentially keep what I have until the end.

I am not really sure "inheritance" is really the right term as I wish to have a few conditions that must be met, so perhaps "trust" is a better word. The conditions would mainly be there to act a "carrot before the horse" - essentially to act as a reward for continuing with self improvement.

At this point in time we are talking about several million yen in cash plus some further cash from disposing of the property, so nothing that big, but certainly a way for this person to "catch up" from the years lost due to medical conditions. Having suffered from several of the same medical issues I know exactly where this person is coming from.

Any thoughts on lawyers to use (U.S. based vs. Japan based), taxes, and other issues? ]]> custom http://forum.gaijinpot.com/showthread.php?125133-Inheritage-Gift-Trust-USA-to-Japan http://forum.gaijinpot.com/showthread.php?125062-The-best-money-transfer-method&goto=newpost Wed, 01 May 2013 22:10:55 GMT What is the best way to transfer funds from my USA account to my Japan account
besides Paypal? Paypal Japan needed a Japanese credit card so that didn't work. ]]> daremo888 http://forum.gaijinpot.com/showthread.php?125062-The-best-money-transfer-method http://forum.gaijinpot.com/showthread.php?125024-Sending-Money-from-NZ-to-Japan&goto=newpost Mon, 29 Apr 2013 06:12:24 GMT Hi, I was wondering if there are any Kiwis here and what you guys do to send money to Japan from a New Zealand bank account. I've only got a Yuucho Sougou account at the moment, looking at setting up an account in a proper bank though. My bank in NZ is Kiwibank. What's the cheapest way of sending money to Japan? Which banks in Japan would be best? ]]> takopa http://forum.gaijinpot.com/showthread.php?125024-Sending-Money-from-NZ-to-Japan http://forum.gaijinpot.com/showthread.php?125016-Setting-up-a-purchasing-company&goto=newpost Sun, 28 Apr 2013 11:03:32 GMT Hi all,
First timer here.
I have a financial question that I believe you can help me with.
I hope you would not mind answering a question that might have been asked a couple of times already..but here's my situation:

My friend asked me to set up a purchasing company for him.
The main purpose of the company is to receive funds for purchasing goods in Japan, and then forward it to the respective shipper for transport.
He would like myself to be the owner of the company (since I'm a citizen after all), however, he do not wish to affect my personal income tax since the company will be receiving big amount of money for the purchases.
The company will not be making any profit since all the money transferred will be used solely to purchase goods to be exported.

My question is that...what form of company fits best for my situation here?

Thank you in advance for your advices/comments! ]]> AlexAG http://forum.gaijinpot.com/showthread.php?125016-Setting-up-a-purchasing-company http://forum.gaijinpot.com/showthread.php?124993-How-can-you-sell-stuff-online-without-a-credit-card-in-Japan&goto=newpost Fri, 26 Apr 2013 18:02:37 GMT I've applied for a few CC's but it will be at least a few weeks before I hear anything. I'm running out of cash and need to pawn off a couple of valuables without using yahoo japan/sekaimon/etc since these all ask for Japanese CC's to sell stuff. I can probably go to a pawn shop or sell some of my used electronics at some stores but I'm sure I'll get pennies on the dollar for them. I'm thinking of craig's list in Japan....any other ones? ]]> Songbird http://forum.gaijinpot.com/showthread.php?124993-How-can-you-sell-stuff-online-without-a-credit-card-in-Japan http://forum.gaijinpot.com/showthread.php?124987-Tax-refund-pending&goto=newpost Fri, 26 Apr 2013 10:15:24 GMT Is there anyone that is still waiting for their tax refund to arrive? I got a letter in the mail WEEKS ago confirming the amount that was going to be refunded and when they would start doing it, so far nothing.... my girlfriend got hers 2 weeks ago. Is there anyone that is still waiting for their tax refund to arrive? I got a letter in the mail WEEKS ago confirming the amount that was going to be refunded and when they would start doing it, so far nothing.... my girlfriend got hers 2 weeks ago. ]]> moondog http://forum.gaijinpot.com/showthread.php?124987-Tax-refund-pending http://forum.gaijinpot.com/showthread.php?124979-Pension-Tax-Refund-Questions&goto=newpost Fri, 26 Apr 2013 04:19:46 GMT I�fm currently starting to go through the process of getting my pension tax refund (got the pension itself about two years ago) and was hoping for a little advice. The instructions I got from my supervisor when I finished my stint on JET have a lot of detail about how to get the pension but say... I�fm currently starting to go through the process of getting my pension tax refund (got the pension itself about two years ago) and was hoping for a little advice. The instructions I got from my supervisor when I finished my stint on JET have a lot of detail about how to get the pension but say little about the tax part. I�fve managed to find a few sites that have instructions but since I am cutting this pretty close to the 5 year cutoff I want to avoid mistakes.

For the forms that I need to submit (the one designating a tax representative and the one requesting the refund are the only two that I know of) is there a specific government site where I can find these at? I have a copy I got from another site but I�fd prefer to use one direct from the source that processes them in case the one I have is inaccurate or out of date.

Second, my wife and I plan to be in Japan this summer. Is it possible for me to file for this directly or to designate my wife as my representative and then have her file while we are there (she is a citizen but technically not a resident). And how long does it take to get the actual refund? She�fll be in Japan for a few weeks but if the refund comes after she leaves it might be harder to have it sent back to us in the States. Our current plan is to designate my mother-in-law but if we can save her the extra work then that would be great too. ]]> EcstaticFanatic http://forum.gaijinpot.com/showthread.php?124979-Pension-Tax-Refund-Questions