Hi,
I’m living in Japan with a HSFP visa, but thinking about getting PR this year. I have few questions about taxes that will arise, specifically when becoming an unlimited tax resident:
1) Once I get my PR, does the 5y of the last 10y counter starts ticking the moment I get the PR, or the moment I came to Japan initially?
2) How does the counter exactly ticks? Number of days I’m in Japan? Or number of days I’m a tax a resident in Japan? I’m asking because I will probably have to leave for 1-2 years after I get my PR (I will lose my Japanese tax residency), but I will be coming to Japan still to visit few weeks from time to time (as most of my life is here). Do those days here count to the 5y of 10y even if I’m not a tax resident?
3) The moment I become a PR, I have to start disclosing all my assets globally in the tax form of every year, correct?
4) The exit tax could only be triggered if leaving after becoming an unlimited tax resident, correct?
Thanks!
by mikeplus20