Tax & Filing 2026

“Over One Million Yen Gets Reported” Is Half True. Reporting and Filing Are Two Different Rules.

Separating the two thresholds, from the statute, the cabinet order and the National Tax Agency.

¥1,000,000

When the bank files a record (Order Art. 8(1))

¥200,000

When a salaried employee files (No.1900 / No.1906)

Month + 1

Record deadline: last day of the next month

9 slides

Where the rumour comes from

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“Receive more than a million yen from abroad and the tax office finds out” — half true.

The figure is real and has a statutory basis. But it is not a threshold for anything you submit, and it is not what decides whether you owe a tax return.

💡 Whether something gets reported and whether you must file are decided by different laws, on different measures

The figure belongs to a record the bank files

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①

Who: “a financial institution … must submit” (Act Art. 4(1)). Not the customer

②

By when: the last day of the month following the month of the exchange transaction

③

To whom: the competent District Director of the Tax Office for the bank office's location

④

From how much: “excluding those not more than the amount specified by cabinet order” = ¥1,000,000 (Order Art. 8(1))

💡 The NTA's own procedural page carries no figure at all. The number lives in Article 8(1) of the enforcement order

It is not only about money leaving Japan

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“Overseas remittance, etc.” = remittance abroad + receipt of a remittance from abroad

Article 2(v) defines the second limb as receiving, through a bank's exchange transaction, a payment directed from outside Japan into Japan. Taking an affiliate payout from an overseas operator can fall squarely within it.

✅ Article 4(1)(ii) lists, for receipts, the customer's name, address and the amount received among the required contents

What you hand over is a different document

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	Record (Art. 4)	Notification (Art. 3)
Who files	The financial institution	You
Filed with	The District Director of the Tax Office	The head of the bank's office
Monetary exemption	¥1,000,000 or less excluded	None at all
Contents	Name, address, amount	Name, address, My Number, purpose

⚠️ The notification is excused not by amount but by being a “specified remittance / specified receipt” (Art. 3(2)) — e.g. receipt into your own verified account

Account information sits under CRS

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NTA CRS page: “the tax authority of each country receives reports of financial account information held by non-residents from financial institutions located in its own country, and provides that information to the tax authority of the non-resident's country of residence.”

📄

That general framework is what is published. An account held abroad by a Japan resident is, from that country's side, a non-resident account

⚠️ We did not find a statement permitting the flat claim that your overseas account information will certainly reach the Japanese authority. Scope, participation and timing vary with the facts

The point: ¥1m is not the filing threshold

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	¥1,000,000	¥200,000
Threshold for	Whether the bank files a record	Whether you file a return
Basis	Act Art. 4(1) / Order Art. 8(1)	NTA No.1900 / No.1906
Measures	The amount remitted or received	Non-salary income
Who acts	The financial institution	You

⚠️ “Under a million, so I don't need to file” does not follow. You can go a year without a single million-yen transfer and still be in filing territory

Recording a payout in foreign currency

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①

Default: the TTM (mid-rate) on the transaction date, between customer TTS and TTB (Ruling 57-3-2)

②

Proviso: for a business giving rise to real estate, business, timber or miscellaneous income, revenue may use TTB and expenses TTS

③

The condition: continuous application. Not a switch you flip each year to whichever is favourable

⚠️ The ruling has been through a 2025 (Reiwa 7) amendment, and rate sourcing involves practical judgement — take it to your tax office or a licensed tax accountant

Today, go only as far as the record

List this year's payouts: date received, foreign-currency amount, receiving account

Convert to yen and see whether the figure after expenses is likely to pass ¥200,000

Save the underlying evidence somewhere you can retrieve later

Write down what you are unsure about and take it to your tax office or a licensed tax accountant

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These slides are a general explanation of the mechanism, not tax advice. Filing obligations, income categories and conversion methods are individual determinations for your competent tax office or a licensed tax accountant. Trading carries the risk of losing your principal