I will be leaving Taiwan somewhere in 2016 so I have full 2015 and part of 2016 to pay taxes for. I will be referring to this document http://investintaiwan.nat.gov.tw/eng/sh ... D=56&MID=2
If anyone has experience with exemptions and/or deductions please advice
1. I should be eligible for Personal exemption of 85k, is it correct?
2. As for deduction it looks like it would be better for me to claim itemized deductions, however I was told that everybody claims standard deduction:
2.1. For "Insurance premiums" there is a limit of 24k for everything except health insurance. So if I understand correctly I can deduct all the health insurance premium (regardless of amount) + labor insurance of up to 24k. For example (and this is only example) if total health insurance is 40k and labor insurance is 30k then I can deduct 40k (health insurance, not limited by 24k) + 24k (labor insurance, limited by 24k)= 64k deduction?
2.2. There is "Rent for housing" deduction of up to 120k. I wonder which documents should be supplied for this? I have a contract but all the payments were done through internet-banking. I think I can provide tax office with some notice from the bank.
3. There is also a "Special deduction of salaries/wages" of 128k in addition to standard or itemized deduction. Does it apply to everyone?
4. If I'm staying above 183 days am I eligible for full deductions and exemptions as described in 1-3 or only for the part proportionally to number of days I work in 2016?
Maybe also someone can help me to find professional tax adviser so that I don't rely on my poor understanding of single web-site?