Cheap domain names (including .JP) - click here
Bookmark 3Yen - Free Toolbar NEW!

Archive for the 'Taxes' Category

8/1/2005

New J-Govn’t website to “explain” Japanese social security

Here’s a new Japanese service to “explain” Japanese social security that’s coming soon:
Also refer to my old threads:
Foreigners: leave Japan and get a $5,000 bonus
Pension & Health Insurance payments

English Web site eyed to explain social security to foreigners
The Daily Yomiuri—August 1, 2005

English Web site eyed to explain social security to foreigners
The Social Insurance Agency will open an English-language Web site in September to provide information on the social security system to long-staying foreigners in Japan.
All foreigners living in Japan are obliged to pay social security premiums, such as for health care and pension programs…
The agency wants to make the new site easy to understand for non-Japanese residents who are not familiar with the complicated social insurance system.


DID YOU LIKED THIS ARTICLE? Bookmark it:

- Tell a friend

Your Ad Here

7/29/2005

Foreigners: leave Japan and get a $5,000 bonus

Collect the $5,000 please-leave-Japan-you-evil-gaijin bonus!

About the J-Pension Refund… There is a Y590,000 limit on the refund so if you have paid lot of money into the Japanese Pension system having the 11 years you paid into the J-Pension transferred into your UK-Pension program is a better deal (if the UK and Japan have that pension swap). On the other hand, for folks who mostly worked “off the books” doing freelance work, hostessing and the like during their stay, the J-Pension Refund will be a good deal just as it is for 3-or-fewer-years gaijin. (The very name of the pension-refund scheme in Japanese refers to payments for “short-term” foreigners–the 90 percent who leave within three years.)

The Irish Net Nippon presents Everything You Ever Wanted To Know About The JAPANESE PENSION REFUND SYSTEM Adapted from an article originally published in the Japan Times.
[[ a bit old, but still valid]]

>Q. What if I have more questions? A. In Japanese, call the government offices mentioned earlier where the pension payment application will be distibuted and ask to speak to someone who can tell you about pensions (nenkin). Specifically, ask about lump-sum withdrawal payments for foreigners (tanki zairyu gaikokujin ni taisuru dattai ichijikin.)
Also be aware of this possible refund… I don’t know if I would trust these folks with my money, but they do seem to have a “method” to get both the: “1. The pension refund itself (below) 2. The additional 20% tax refund.”

Also refer to my old threads:
Pension & Health Insurance payments

Posted by Taro in General, Taxes | 2 Comments »

DID YOU LIKED THIS ARTICLE? Bookmark it:

- Tell a friend

7/7/2005

If you’re an American in Japan who has not filed an IRS tax return in years…

If you’re American in Japan who has not filed an IRS tax return in years, all is not lost. The IRS will work something out. Most of my friends in the situation have sweated this problem out and ended up wihout much of any penalities. Read on…

FAQ of the IRS
….the statute of limitations for IRS to assess and collect any outstanding balances does not start until a return has been filed. In other words, there is no statute of limitations for assessing and collecting the tax if no return has been filed. ….

…The IRS continues to improve its database of income transactions and increase its ability to identify people who have a filing requirement but have failed to file a return. Eventually, contact will be made and the correct tax liability computed. By this time, howevr, the original tax bill will be multiplied many times by the addition of interest and penalties….
….There are numerous practical reasons to file tax returns. Whether buying a home or financing a business, copies of filed returns must be submitted to the lending institution. Important programs like federal aid to higher education also require applicants to submit copies of tax returns to qualify for loans. And the filing of tax returns has a tremendous impact on the future. Social Security retirement and disability benefits as well as Medicare are all computed based on a person’s lifetime earnings reported to the IRS and the Social Security Administration. State benefits such as unemployment compensation and industrial insurance are also based on reported income… For people with multiple unfiled returns, IRS practice is generally to limit investigations and examinations to the last six years.
…more…

Posted by Taro in General, Taxes | No Comments »

DID YOU LIKED THIS ARTICLE? Bookmark it:

- Tell a friend

Navigation


Other Sites


Mobile Phones

Japanese Girls

Free Email

Newsletters
FREE news on Japan.
Enter your email below.

Powered by Yahoo!

Cheap domain names
Cheap domain names