Tax: receiving money from abroad (from myself)

Preface: Lived in Japan more than 5, less than 10. No PR, but spousal visa.

Hi there! Quick question regarding tax, paperwork and any other additional I need to keep an eye out for.

After settling here for the last 5 years and planning my future, I’d like to start sending money from my own account abroad to my Japanese account through a service such as WISE.

The amount does not exceed ¥1mil, so based on my understanding is that it’s exempt from tax?

I’m trying to wrap my ahead around whether I need to:

1. Make my bank aware of the upcoming transaction.

2. Complete any tax related paperwork for the government.

3. Expected protocols that will come from the bank before the amount reflects.

I would be grateful for any links to governmental PDFs or references to keep handy!

Thanks!

by aoyamaZA

Leave a Reply
You May Also Like