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Overseas earnings, at what amount do taxes take effect?

ROC taxes, overseas payment of taxes, withholding rates, general tax liability issues, and other tax-related matters
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Re: Overseas earnings, at what amount do taxes take effect?

Postby cake » 16 Sep 2015, 14:11

taiwoodz wrote:Thanks for that website Belgian Pie. It has a lot of info to read through.

I though the following was very interesting on the PDF titled The Income basic tax levied on individual overseas income-Q&A listed here.
4. Q: Who has the obligation to include his or her overseas
income in the amount of basic income?
A: Someone who meets both of the following conditions
shall include his or her overseas income in the amount of
basic income:
(1) He or she is a resident of the ROC, and
(2) His or her filing unit has aggregated both overseas
income greater than or equal to 1 million NT dollars and
basic income greater than 6 million NT dollars in one
year.

Could that be what the previous post was referring to? What do you make of it?

The above has vanished. But it is here as a PDF
http://www.dot.gov.tw/en/home.jsp?msern ... 1006210000 at the bottom
cake
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Re: Overseas earnings, at what amount do taxes take effect?

Postby Burke » 25 Nov 2015, 20:39

Dear Folks,

I'd like to confirm if I am living in Taiwan with actual residency or simply am here over 183 days per year, work from home, but all income comes from work done overseas, I am not in any way taxed on this unless it goes over 6,000,000 NT per year? As such, I can withdraw money from my overseas account for use in Taiwan without issue?

Do I still need to "file" though? I know rules and policies have changed but some real world answers do help.

Thanks!
Burke
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Re: Overseas earnings, at what amount do taxes take effect?

Postby shrimp_crackers3 » 23 Jun 2016, 11:57

Guys the tax office in Taipei seems to deny this is the case. He says it's an 'alternative minimum taxation' for the wealthy. Do you have anything to prove otherwise?
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Re: Overseas earnings, at what amount do taxes take effect?

Postby yyy » 25 Jun 2016, 14:52

There was a thread about this before, with two tax office people contradicting each other and someone's wife intervening, or something. I don't know the answer, but I know there are two laws: the Income Tax Act 所得稅法 and the Income Basic Tax Act 所得基本稅額條例 (which actually means Income Basic Tax Amount Act). The latter is for high income earners, which means I've never had to read it :roll: but I assume that's what they're talking about when they say you don't need to declare the first million in your "basic" income.
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