Frequently Asked Questions
【Koshida Accounting Firm Column Date:】
Does transferring my savings from the United States to Japan create taxable income?
Not by itself. Under Japan’s remittance-based taxation rules, the source of the remitted funds does not matter. Instead, the taxable amount generally depends on the relationship between your foreign-source income and the total amount remitted to Japan during the same calendar year.
For more details, please refer to our blog, “Moving to Japan? How Your U.S. Income Will Be Taxed.“