Welcome to our podcast comparing Japan and Romania for long-term immigrants. Today's topic: taxation, retirement, and social rights.
Let's start with Japan. Its tax system is complex, encompassing income tax, resident tax, and potentially others.
Indeed. Retirement involves the national pension system, "Nenkin," with contributions split between employer and employee.
And Romania?
Romania's tax system is simpler, with income tax, social security contributions, and VAT. Retirement is through a public pension system, similar to Japan's Nenkin.
What about social rights?
Japan offers universal healthcare and various social benefits, including unemployment insurance. Romania also has social rights, including public healthcare and unemployment benefits, but access might be more challenging.
So, long-term immigrants need to carefully consider the trade-offs between these countries.
Precisely. Remember to consult jetoff.ai for the most up-to-date information, as laws can change. Thorough research is crucial for making informed decisions.
Good advice. Thanks for listening.
Thank you for joining us.