By Koh Fujimoto, Support cross-border life In this article, I demonstrate how giving up Japanese citizenship affects taxation under the Japanese inheritance laws. In short, under the circumstance that I describe, the Japanese tax authority only can tax you your assets...
Accounting for Leases: Accounting Standards Codification (“ASC”) 842: Overview of Capital (Financing) Leases under ASC 842 Main changes from prior lease standard Under ASC 842, capital leases will now be called “financing” leases. Furthermore, the criterion for...
The pandemic has put extreme pressures on many businesses, and protecting profitability is of vital concern. The jury is still out on long-term inflation, but for now, we must deal with escalating material costs and shortages as well. Lumber, steel,...
By Koh Fujimoto Support cross-border life 1, Income Tax Rates: I made this chart using the exchange rate of $1 equals 100 JPY. This is the tax rate table for the Japanese income tax rates. There is another important tax that you cannot forget besides the income...
By Koh Fujimoto Support cross-border life Do you plan to move to Japan for your retirement with your Japanese spouse? There are, in fact, many couples who want to move to Japan. Many think of high-quality medical service and low-cost medical and long-term care...
