A new reporting requirement has been introduced for individuals with overseas assets valued above JPY 50 million at the end of a calendar year. These more stringent disclosure requirements reflect a more aggressive approach by Japan’s National Tax Authority (NTA) to ensuring that all overseas assets are correctly reported for the purposes of establishing overseas income for income tax purposes and … [Read more...]
Japan Statement of Overseas Assets
![Asset & Liabilities Reporting](https://www.capitaltaxltd.com/japan/wp-content/uploads/sites/3/2014/02/dol.jpg)