Amendment to Scope of Inheritance/Gift Tax

By virtue of the 2021 tax reform, in order to promote employment of highly-skilled foreign talent in Japan, the overseas assets acquired by non-Japanese nationals, who reside overseas or reside in Japan temporarily, are excluded from the scope of taxable assets for inheritance tax/gift tax purposes, where the underlying inheritance/gift involves a decedent/donor who is a non-Japanese national and is domiciled in Japan for employment, etc. regardless of their residence period.

We have set out in this newsletter explaining the amendments to the scope of inheritance tax/gift tax,etc.

1. Outline of the Amendments and Timing of Application
2. Scope of Taxable Assets of Inheritance Tax/Gift Tax
3. Repeal of the Special Measures for Short-term Non-resident Donors