When a contract is drawn up for a real estate transaction, a tax called stamp tax is imposed. Stamp duty is a tax levied on taxable documents. A taxable document is a document defined by the Stamp Tax Law, such as a receipt, contract, IOU, bill, stock certificate, or bond. Read more…
If you own real estate in Japan and have rental income, you must pay the following taxes. Fixed Asset Tax Fixed asset tax is a tax paid by the owner of real estate. It is paid to the municipality by the person who owns the property on January 1st of Read more…
These are the taxes when you purchase properties in Japan. The explanation of taxes are bellow and the calculation of each tax will be written in other article. Stamp tax This tax is for affixing stamps to real estate sales contracts and transfer certificate documents. It is also required for Read more…