Gambia 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 Gambia and Japan.

In Gambia, if you work there long-term, you're generally taxed on your worldwide income as a resident. There are income tax rates, deductions, capital gains taxes, and property taxes. Consulting a tax professional is advisable.

In Japan, the tax system is complex but structured. As a resident, you're taxed on worldwide income above a certain threshold. Progressive income tax rates, local inhabitant taxes, and a consumption tax apply, with some deductions available.

Regarding retirement, Gambia has the Social Security and Housing Finance Corporation scheme. Mandatory contributions from employed individuals contribute to retirement, disability, and survivor benefits. Long-term immigrants who've contributed can receive a pension, but eligibility depends on contribution history and residency status.

Japan's system is more developed, with the National Pension and Employees' Pension Insurance. Enrolled individuals receive benefits upon retirement, and foreign residents might get a lump-sum withdrawal under certain conditions when leaving.

Gambia's social security provides some safety nets and healthcare access, but coverage is more limited than in developed nations. In Japan, there's universal healthcare; residents are generally enrolled in a plan providing access to medical services at a reasonable cost.

In Gambia, non-citizens might face limitations on certain employment or land ownership. In Japan, securing long-term residency or citizenship can be challenging, and social integration requires language skills and cultural understanding.

Remember, laws and regulations change, so always seek current, professional advice.