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lou_la
Joined: 04 Oct 2005
Posts: 140
Location: Bristol
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 Posted: Mon Aug 21, 2006 10:58 pm Post subject: witholding tax money |
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| The 20% tax for the first 6 months - do you get an of this back when you stay longer? |
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Proffeshnial Teachman
Joined: 10 Jan 2006
Posts: 60
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| Posted: Mon Aug 21, 2006 11:23 pm Post subject: |
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| No idea, just leave the country taking it with you. You'll get some dirty looks though (I've been told) |
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dangerousapple
Joined: 18 Apr 2006
Posts: 292
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| Posted: Tue Aug 22, 2006 1:30 am Post subject: |
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| If you start working before July 1st of the calendar year, yes. If not, nope. You need to be working for more than 183(?) calendar days in the same year to get your tax rate lowered. |
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I_is_teach_English
Joined: 01 Aug 2006
Posts: 44
Location: Taiwan
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| Posted: Tue Aug 22, 2006 5:03 am Post subject: |
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| Useful tax info can be found here |
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lou_la
Joined: 04 Oct 2005
Posts: 140
Location: Bristol
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| Posted: Tue Aug 22, 2006 1:06 pm Post subject: |
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Thanks for clearing that up - i was all confused with January and may and things. I have enough problems understanding my tax here in the UK!!
So, if I arrive on 1st December, I pay 20% for that month, which I cannot claim back. I then pay 20% tax until July, 10% of which I can claim back the next May?
Is that right? |
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I_is_teach_English
Joined: 01 Aug 2006
Posts: 44
Location: Taiwan
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| Posted: Tue Aug 22, 2006 2:47 pm Post subject: |
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| lou_la wrote: |
Thanks for clearing that up - i was all confused with January and may and things. I have enough problems understanding my tax here in the UK!!
So, if I arrive on 1st December, I pay 20% for that month, which I cannot claim back. I then pay 20% tax until July, 10% of which I can claim back the next May?
Is that right? |
Basically, but ...
7% you can claim back (the tax rate is 13% for NT$370,000 - 990,000 per year. This is the tax bracket most people fall into).
You can also claim up to NT$193,000 in deductions for the year, so you will get the full 13% back on this (NT$25,090).
This addition will make it seem like you are getting around 10% back.
Depending on how much you earn, you should get a rebate between NT$35,000 - 60,000 in the first year. This will drop to around NT$15,000 - NT$25,000 in subsequent years. |
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lou_la
Joined: 04 Oct 2005
Posts: 140
Location: Bristol
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| Posted: Tue Aug 22, 2006 8:22 pm Post subject: |
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| excellent. Thank you everyone for your help! |
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