I have a hypothetical question. Assuming I was to inherit around $2 million CAD (around 220 million yen) and I’m living in Japan as a permanent resident, would I still need to pay taxes in Japan?
How would Japan know that I inherited 2 million dollars back home? My bank account, for example, allows unlimited international transactions. Wouldn’t I just be able to use that money in Japan and pay the small currency exchange fee instead of the massive 25%+ tax in Japan for transferring the entire money over?
by macross-boy
