Japan’s ‘exit tax’ becomes effective 1 July 2015. How will it affect you?

Japan is introducing a new wealth tax on 1 July 2015. Under proposed legislation almost certain to become law, wealthy permanent residents will have to pay an exit tax when they move abroad.

If you are a short-term resident who has been in Japan fewer than 5 out of the past 10 years, you will be unaffected by the new ‘exit tax’. Stay any longer and you m…