I just want to follow up on my previous posts because I called the National Tax Agency office in Tokyo to clarify.
To restate my situation: I’m staying in Japan for 1-year on a J-Find job search visa and hoping to retain non resident status until I find a job so that I can pay capital gains tax on my crypto sales that I made in Canada rather than Japan which would charge me around $50,000 more in taxes.
According to the person I spoke to (keeping in mind my Japanese is poor and his English was not the best so there may have been miscommunication) (also the fact that he understood ビットコイン but not “Bitcoin” made me chuckle)
I would be considered a Non-permanent tax resident and therefore as long as I earned investment income abroad and kept it in a Canadian bank account and didn’t remit any of the money to Japan, I wouldn’t need to report it on my Japanese tax filing. I asked him “even for Bitcoin?” and he seemed to think yes.
Now I also remember reading elswhere on this subreddit than cryptocurrency gains counted as miscellaneous income and are considered Japanese sourced income regardless of the location, and therefore I would have to pay japanese tax on the gains of any crypto sales done while living in japan as a non-permanent resident.
u/starkimpossibility 様 could you weigh in one last time on this? 🙇♂️ Was the guy at the NTA correct or did he get it wrong?
by QseanRay