Overseas salary subjected to Japanese taxation? Kindly your advice

Hello everyone,

It seems like there are knowledgeable people here who might be able to help me out.

I am a Japanese national and have been employed by a Japanese company for over a decade, during which I have experienced no difficulties in filing my income tax declarations. However, I recently entered into a contract with a foreign company that lacks any presence in Japan. I am conducting work for this company within Japan, though it does not offer services within the country nor to any Japanese entities.

Upon consulting a friend facing a similar situation, I was informed that the salary I receive from this foreign company, deposited into a foreign currency account held in a Japanese bank, is not subject to Japanese taxation.

Could someone verify the accuracy of this statement? If it is incorrect, I would appreciate guidance on the proper procedures to follow.

Thank you in advance for any insights you may provide.

by Key-Science-9170

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