Frequently Asked Questions
【Koshida Accounting Firm Column Date:】
I am a foreign resident in Japan. Do I need to include my overseas assets in the Statement of Assets and Liabilities?
Yes, in many cases. If you are a resident of Japan, including a non-permanent resident, and you meet the income and asset thresholds, your overseas assets are generally included when determining whether you must file a Statement of Assets and Liabilities. Since the filing requirements depend on your residency status, income, and the value of your worldwide assets, it is important to review your situation carefully. For more details, please read the following blog.
Japan’s Statement of Assets and Liabilities: Reporting Worldwide Assets