Leo, let's discuss taxation, retirement, and social rights for long-term immigrants in Fiji and Japan.
Fiji first? I'm envisioning palm trees and…tax forms. What's the situation?
In Fiji, residency determines taxation. Residents are taxed on worldwide income, but deductions are available. The income tax system is progressive, and there's also VAT.
Progressive income tax and VAT. What about retirement?
Meeting the requirements allows access to superannuation funds. Fiji also offers appealing retirement resorts.
And healthcare?
Fiji has a public healthcare system, but access can be limited in some areas. Many expats opt for private insurance.
Okay, now Japan. Samurai, sushi, and…complex tax codes?
Japan's tax system is complex, but residency is key, similar to Fiji. Tax treaties with many countries help avoid double taxation.
What are the income tax rates like?
Japan also has progressive income tax rates, which can be high. However, the infrastructure and public transport are excellent.
And retirement and healthcare?
Japan boasts a comprehensive social security system, including pensions. Healthcare is universal, high-quality, and relatively affordable.
So, Fiji offers a relaxed lifestyle but requires careful attention to taxes and insurance. Japan is efficient but has a demanding tax system.
Precisely. It's about balancing lifestyle and fiscal responsibility.