|This information applies to:|
If the seller of Japanese real estate is a non-resident, depending on the situation, the buyer must withhold 10.21% of the sale price and pay it to the tax office, with the remaining 89.79% paid to the seller. The buyer is responsible for paying the 10.21% to the tax office by the 10th of the month following the transaction.
|As a buyer:||As a seller:|
|It is your obligation to make this payment to the tax office by the deadline. If you are currently living overseas, you will need to appoint a tax representative or accountant to pay this on your behalf.||You will need to appoint a tax representative in Japan to file a final tax return to have the remainder returned to you (less any taxes that may have been owed).|
*If the payment of deposits and mid-term payments also meet the conditions for withholding tax, the tax must be withheld and paid by the buyer at each payment.
The above information has been provided as a general guide only. For more details on this tax, and for other detailed tax questions, please consult with the tax office or a specialist tax accountant.