Exit tax and and resident status
The exit tax(国外転出時課税) on moving out of Japan is a system under which income tax is imposed on unrealized gains of certain residents who own assets worth 100 million yen or more at the time of moving out of Japan, by deeming that the subject assets were transferred in the following amounts or amounts at the time of moving out of Japan.
The subject assets and amounts at the time of moving out of the country are as follows
(1) The amount equivalent to the value of securities, etc.
(2) The amount equivalent to the amount of profit or loss calculated by deeming the unsettled margin transactions, etc. or unsettled derivative transactions to have been settled
A resident who meets both of the following conditions (1) and (2) at the time of moving out of Japan is subject to taxation at the time of moving out of Japan.
(1) The total amount of the above D or D of the subject assets owned by the resident is 100 million yen or more.
(2) The resident has had a domicile or residence in Japan for more than 5 years within 10 years prior to the date of moving out of Japan.
Even if the applicant has a domicile or residence in Japan, the period of stay with the status of residence in the upper column of appended table 1 of the Immigration Control and Refugee Recognition Act (Diplomacy, Professor, Art, Management/Administration, etc.) (出入国管理及び難民認定法別表第一の上欄の在留資格）is not included in the period of domicile or residence in Japan.
