Hi everyone!
I hope someone can help me understand Japanese tax law, as I'm trying to do some research for my friend.
My friend is a Japanese citizen who currently works here in the Philippines. The company he works for is an NGO, and thus, his salary and all other benefits are tax-free in the Philippines. He will eventually retire and he plans on moving back to Japan with his wife and two kids.
His question is: how will his pension be taxed once in Japan? Does Japan allow for personal allowances? And if so, what are the percentage rates of the tax? As far as we know, there is a Double Taxation Agreement between the Philippines and Japan, but we're not sure how that factors into things.
Also, does anyone know how long he can stay per annum without being tax liable? Or is he a permanent resident because he's a citizen?
Honestly, the best choice would be to obviously seek proper and professional help, but as we're based in the Philippines, we're unsure where to turn, so I thought to ask here. Apologies if this is in the wrong subforum!
Joe
I hope someone can help me understand Japanese tax law, as I'm trying to do some research for my friend.
My friend is a Japanese citizen who currently works here in the Philippines. The company he works for is an NGO, and thus, his salary and all other benefits are tax-free in the Philippines. He will eventually retire and he plans on moving back to Japan with his wife and two kids.
His question is: how will his pension be taxed once in Japan? Does Japan allow for personal allowances? And if so, what are the percentage rates of the tax? As far as we know, there is a Double Taxation Agreement between the Philippines and Japan, but we're not sure how that factors into things.
Also, does anyone know how long he can stay per annum without being tax liable? Or is he a permanent resident because he's a citizen?
Honestly, the best choice would be to obviously seek proper and professional help, but as we're based in the Philippines, we're unsure where to turn, so I thought to ask here. Apologies if this is in the wrong subforum!
Joe