All about tax: Japan gift and inheritance tax reforms

The 2018 Japan Tax Reform Proposals were passed on March 28, 2018. Starting from April 1, 2018, if you are a foreign national who had departed Japan but still have assets in Japan for 10 out of the last 15 years, the gift and inheritance taxation will not be subject to you. For foreign nationals who had gifted assets held outside of Japan to another person or party within the 2 years of their Japan departure, the worldwide gift could potentially be subject to the new Japan gift tax. Find out more about the Japan taxation reforms from PwC Tax News