Is there an inheritance tax in Japan?

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Japan maintains an inheritance tax that applies to wills that are executed under Japanese law.  The tax applies equally to assets owned by Japanese citizens inside Japan or outside Japan.  However, for non-Japanese citizens, the tax only applies to assets within Japan.

The inheritance tax in Japan is progressive, which means that the rate will vary depending on the value of the asset.  There are also certain deductions and allowances depending on who is inheriting.  For example, spouses of the deceased will face a smaller inheritance tax than friends.

If you are concerned about how Japan’s inheritance tax might affect you, please contact our office for a consultation.