I've read that remittance are taxed as income, but I'm not 100% sure how that works, because it doesn't make sense (to me) to get taxed on the money that's already taxed somewhere else.
I have to transfer around 50 million yen from US for a down payment, should I expect to pay 45% tax on that amount? (based on my income level). I'm terrified now….
Thanks for any advice.
by heyimjustkidding