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

Hello. Today we're discussing taxation, retirement, and social rights for long-term immigrants in Georgia and Japan.

Let's start with Georgia. The tax system is relatively straightforward, with a flat 20% income tax rate. This is simpler than many other countries' systems. They're also actively improving the system's efficiency for both businesses and individuals.

Japan uses a progressive income tax system. The tax rate increases with income, ranging from 5% to 45%.

In Georgia, there's a mandatory pension scheme with contributions from employees, employers, and the government. It's a relatively new system, but it aims to provide retirement security.

Japan has a well-established system encompassing pensions, health insurance, and unemployment benefits. Both employees and employers contribute.

Generally, legal residents who are employed are required to participate in both countries' social security and pension systems.

Both countries offer healthcare access to legal residents. Georgia provides public health insurance with private options available. Japan mandates health insurance coverage through employers or the national system.

Georgia's pension system is still developing; it might not provide a comfortable retirement income. Japan's system is more established and offers a potentially decent retirement income.

It depends on individual circumstances. Georgia offers a simpler tax system and a lower cost of living. Japan provides a more comprehensive social security system and better healthcare access.

Precisely. Research is key before making such significant decisions.

Until next time.