I am a germane resident and a while back I started doing a little bit of online options trading using an Online Trading platform in Japan. Now and after I got some profit I wanted to transfer this profit from my Trading-Account to my account in Germany. One week ago I got a call from one of this online-trading-platform and asked me to fill out a certification and resolution of a capital gains for non-resident trader in Japan. I fill it out and send it back to them. Then two days ago I got a call again from this online-trading-platform and they asked me to fill out an application for treatment under double taxation agreements.
Then I asked him why shall I do this, he talled me that I must pay 4% of my profit as a prefectural tax and 6% as a municipal tax in Japan, and they cannot transfer any money from my online trading account in Japan to my bank account in Germany until I do this!!!!
So my question, is it really possible that he couldn’t transfer the money until I signed this double taxation application? And do I have to pay for the tax institute in Japan 4% and 6% of the profit as taxes? Or is there something wrong and the japanies online-trading-platform people trying to scam me?!!!
I hope that, there are anybody here in the forum could tell me how it is really works with online-trading in Japan.