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Settling in Japan? Your Global Assets May Need to Be Reported to the Japanese Government
In recent years, as the Japanese government has more strictly enforced tax compliance for foreign residents living in Japan, foreign nationals residing in Japan should pay closer attention to their tax filing obligations. Among these obligations, the “Statement of Overseas Assets” system has become an increasingly important tax reporting requirement for foreigners who have lived in Japan for an extended period of time. In particular, with the widespread implementation of the
May 194 min read
The Tax Advantage of Buying Luxury Property in Japan for Inheritance Planning Come to an End.
For many years, Japanese real estate has been regarded as a key tool for high-net-worth individuals to facilitate wealth transfer. Its core advantage lies in Japan’s unique “assessed value taxation system.” By leveraging the discounted valuation based on road prices (rosenka) and fixed asset tax assessments, investors have been able to significantly reduce the declared value of assets for inheritance tax purposes, thereby lowering their overall tax burden. However, starting J
Apr 273 min read
Information Exchange Provisions under the New Taiwan–Singapore Tax Treaty — Practical Alerts for Those Who Have Not Reported Overseas Income or CFC Income
Taiwan and Singapore signed the AGREEMENT BETWEEN THE TAIPEI REPRESENTATIVE OFFICE IN SINGAPORE AND THE SINGAPORE TRADE OFFICE IN TAIPEI FOR THE ELIMINATION OF DOUBLE TAXATION WITH RESPECT TO TAXES ON INCOME AND THE PREVENTION OF TAX EVASION AND AVOIDANCE (the “NEW TREATY”) on December 31, 2025, which entered into force on February 13, 2026. More than forty years have passed since the signing of the original agreement on December 31, 1981. In addition to adjusting the alloca
Mar 24 min read
Regulatory Changes in Osaka's Minpaku Market: What's Next for Investors?
Over the past decade, Osaka has been widely regarded as a hotspot for minpaku (short-term rental) investment in Japan. The special-zone minpaku framework allowed year-round operation, enabling short-term rentals to function not only as a cash-flow-generating business but also as a tool for asset allocation. Amid growing tourism demand and the return of international travelers, substantial capital flowed into the sector, and residential properties were increasingly repositione
Feb 53 min read
What Tax Issues May U.S. Citizens of Taiwanese Origin Face When Investing in Taiwan-Based Funds?
As more and more Taiwanese individuals hold U.S. citizenship or U.S. permanent resident status, the U.S. tax treatment of overseas investments has become an increasingly important—yet often overlooked—issue. This is particularly true when investing in Taiwan-based funds, which may appear straightforward and reasonable under Taiwan's tax system, but can become highly complex and even punitive under U.S. tax law. The U.S. Tax Classification of Taiwan Funds: PFIC For most U.S.
Jan 283 min read
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