Japanese contract jobs.. falring US dorrar?

[Shagtastic]

Hi folks,

For any poor sod who signed up on an agency job in Japan paid in the greatest currency on the planet.. (cough splutter) US dollar,
I wonder how are things going?

Are the agencies adjusting rates to compensate the big drop in income or are blokes/blokesses flying in Japan looking to leave pleading poverty?

I believe the US dollar should strengthen up again next year due to German and French overspending per GDP, ruling out the Euro as an alternative currency but it must be tough living in Japan and keeping a house back home...?

[KingAir]

"...falring US dorrar?"
Yeah, you're going to go far there.

[Shagtastic]

Lighten up King Air. Nothing rude intended whatsoever..misguided humor.. apologies though if you saw it that way.

Shaggy

[Tex]

Shaggy,

I had CRJ command time prior to JALways and Atlas, so I looked into one of those contracts. The money didn't seem that good, even with a strong dollar. The one question I had, but went unanswered, was, "Who's taxes would I have to pay?"

[KingAir]

No problem Shagtastic. Merry Christmas!

KA

[Shagtastic]

Tex,

The answer to that would be where you are resident for tax purposes.

Those Japanese expat contracts as far as I know have you going home regularly simply because the job doesn't come with residency in Japan.

So you'll pay tax back in your home country but not Japan.

The other option is spend time with a tax accountant and see what she/he can suggest.

Good luck
Shaggy

[oxygen on]

If you have a place to live and are at least 182 days a year in Japan, you will be considered a Japan resident for tax purposes. If your home country recognises your non-residency, as per their requirements (no address, dependants, wife(s)... :) in home country etc.) You will only pay taxes to Japan... about 20% for a single and less for a family. Hope it helps.