Income from deposits

[nick]

I am an Australian citizen who lives in Japan (permanent resident) and once a year I bring some money to Japan from my savings account. I am already paying the 10% non-resident tax. The total amount of my savings is less than 50 million yen and I heard I don't need to declare it on my tax return here.
But do I need to declare the amount remitted to my account here?
If I was to be taxed how much is the tax?
Any help would be appreciated.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>

[Bob Sandler]

> I am an Australian citizen who lives in Japan (permanent
>resident) and once a year I bring some money to Japan from
>my savings account. I am already paying the 10% non-resident
>tax. The total amount of my savings is less than 50 million
>yen and I heard I don't need to declare it on my tax return here.
>But do I need to declare the amount remitted to my account
>here?
>If I was to be taxed how much is the tax?

This group is basically for United States taxes. I think you
are going to have to look elsewhere for help with Japanese
taxes.

[Alan]

On 8/3/17 1:57 PM, nick wrote:
> I am an Australian citizen who lives in Japan (permanent resident) and once a year I bring some money to Japan from my savings account. I am already paying the 10% non-resident tax. The total amount of my savings is less than 50 million yen and I heard I don't need to declare it on my tax return here.
> But do I need to declare the amount remitted to my account here?
> If I was to be taxed how much is the tax?
> Any help would be appreciated.
>

The following comes from my notes taken in a seminar on taxation in
Japan for foreigners. The seminar touched upon taxation of income for
residents vs non-residents. I checked the current set of rules at the
National Tax Agency and did not see anything of significance that
changed from I took the seminar years ago.

If you are a permanent resident of Japan for more than 5 years or you
are domiciled in Japan, you are taxed on your worldwide income
regardless of where that income is sourced. Assuming that is the case,
any interest earned on your foreign bank accounts is taxable by Japan.
Japan, just like the US, does have a reporting requirement for foreign
assets unless in aggregate they are less than ¥50 million. This
reporting requirement is separate from the income tax. So, money you may
wire transfer from Australia to Japan is not taxable income.

Your reference to paying a 10% non-resident tax confuses me as I am not
aware of any income tax that specifically applies to non-residents.
Non-residents of Japan are only taxed on income sourced in Japan. As an
aside, non-permanent residents (more than one year but less than five
years of residence and not domiciled in Japan) are taxed on income
sourced in Japan and income sourced outside of Japan ONLY if that income
is paid in Japan or remitted to Japan.

Japan does have prefecture and local taxes that just so happen, add up
to 10%.