Albania vs Japan: Taxation, Retirement and Social Rights for Long-Term Immigrants

Leo, let's discuss taxation, retirement, and social rights for long-term immigrants in Albania and Japan.

In Albania, the tax system is relatively straightforward for long-term immigrants. Income tax is a flat rate, meaning everyone pays the same percentage regardless of income. There are also social security contributions covering healthcare and pensions.

Japan has a progressive income tax system; higher earners pay a higher percentage. Long-term residents are included in the system, paying income tax, residence tax, and social insurance.

Health insurance, pension, employment insurance, and long-term care insurance.

Precisely. In Albania, a pension is available to those who contribute to social security, with the amount based on contributions and years worked. Eligibility requirements exist, such as a minimum contribution period.

Japan has a national pension system, with participation generally mandatory for foreign residents. The pension amount varies based on contribution length and pension plan type. Eligibility conditions also apply.

In Albania, those contributing to social security are entitled to public healthcare. In Japan, national health insurance provides access to a wide range of medical services at a reasonable cost.

The social safety net is still developing, but some social assistance programs are available. Thorough research is recommended. Japan offers employment insurance, providing unemployment benefits in case of job loss.

Exactly. Understanding these systems is crucial for long-term financial planning.