Unlocking the Mystery of Tax on Capital Gains for Non-Resident Investors with AI Legalese Decoder
- March 7, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Seeking Assistance for Taxation on Japanese Stocks
Hello everyone, I hope I’m reaching out to the right forum for assistance. I am a non-resident private investor who has recently purchased some Japanese stocks through IBKR.
Upon conducting some research, I came across information stating that there is a tax imposed on capital gains resulting from the sale of Japanese stocks, amounting to 20.315%. This tax is said to comprise a 15.315% national income tax and a 5% local inhabitant tax.
As I lack expertise in tax matters and do not hold resident status in Japan, I am uncertain about the accuracy of this information. Can someone clarify if this is indeed the case?
Thank you for taking the time to read my query, and I apologize for any perceived lack of knowledge on the subject.
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