(1) Persons who fall under both of the following A and B
(A) The year’s income exceeds 20 million yen. (The amount of income here refers to income excluding retirement income).
(B) Has property worth 300 million yen or more, or securities worth 100 million yen or more as of December 31 of the year
(2) Residents with property with a total value of 1 billion yen or more on December 31 (for the year 2023 and after that).
March 15 of the following year
June 30 of the next year (after 2023)
When a taxpayer files an amended return for income tax, inheritance tax, or gift tax and a penalty is imposed, the penalty would be reduced if the taxpayer has submitted the certificate correctly.
Conversely, the penalty will be aggravated if the Certificate of Overseas Assets is not filed correctly.