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nateliu99
Joined: 22 May 2009 Posts: 72
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Posted: Fri Mar 12, 2010 12:11 am Post subject: |
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thanks for the help JZer,
it's sounding like online work is the only way i could get one and stay in Asia |
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zipper
Joined: 14 Dec 2009 Posts: 237
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Posted: Fri Mar 12, 2010 1:14 am Post subject: |
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Last edited by zipper on Mon Mar 15, 2010 1:03 am; edited 1 time in total |
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nateliu99
Joined: 22 May 2009 Posts: 72
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Posted: Fri Mar 12, 2010 1:23 am Post subject: |
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| I don't doubt that, but i am wondering if a program like that will hurt my chances of a job in the state, the stigma exists and i don't want to spend time and money on a program like that just to discover i can't find a job with it |
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zipper
Joined: 14 Dec 2009 Posts: 237
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Posted: Fri Mar 12, 2010 1:46 am Post subject: |
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Last edited by zipper on Mon Mar 15, 2010 1:02 am; edited 1 time in total |
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nateliu99
Joined: 22 May 2009 Posts: 72
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Posted: Fri Mar 12, 2010 2:17 am Post subject: |
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just read this on asianconsultants
5. How does the tax system in Taiwan work?
The tax year in Taiwan runs from January to December. For the first six months (183 days) that you are in Taiwan, you will need to pay 20% tax on your earnings. This period of time is determined by the entry/exit stamps in your passport, and not your employment contract. You then file for tax returns before May 31st of the following year. However, if you arrive after July 31st, you will not be in this bracket. You will therefore still need to pay the 20% tax, but will not be able to file for tax return on it. If you arrive before the July 31st cutoff date and are present in Taiwan for longer than 183 days in that tax year (for example, if your arrival date was in March), then you can claim a partial refund on the taxes paid in the following year. Be careful as any time spent out of the country (visa runs, holidays, etc.) will not count toward this 183-day period.
Is this true? 20% is a lot!!! |
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JZer
Joined: 16 Jan 2005 Posts: 3898 Location: Pittsburgh
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Posted: Fri Mar 12, 2010 3:39 am Post subject: |
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| Yes, you can get the money back as long as you start your job before July 1 of the year that you will plan to begin working in Taiwan. If you come July 2, then the government will keep all of your money. I arrived in September and had to pay 20 percent and was not refunded the money. If you arrive before July 1, you should be elligible to only pay 6 percent tax. The 14 percent difference will be returned June of the following year. |
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JZer
Joined: 16 Jan 2005 Posts: 3898 Location: Pittsburgh
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Posted: Fri Mar 12, 2010 3:40 am Post subject: |
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| nateliu99 wrote: |
| I don't doubt that, but i am wondering if a program like that will hurt my chances of a job in the state, the stigma exists and i don't want to spend time and money on a program like that just to discover i can't find a job with it |
If you were studying for an MBA I would be less concerned. Furthermore, you may need observation time and actually go into an American school to do observations and research. Other than working at an international school I don't see how you could get a principle certificate outside of the US. This is a professional license. |
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zipper
Joined: 14 Dec 2009 Posts: 237
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Posted: Fri Mar 12, 2010 4:05 am Post subject: |
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| nateliu99 wrote: |
just read this on asianconsultants
5. How does the tax system in Taiwan work?
The tax year in Taiwan runs from January to December. For the first six months (183 days) that you are in Taiwan, you will need to pay 20% tax on your earnings. This period of time is determined by the entry/exit stamps in your passport, and not your employment contract. You then file for tax returns before May 31st of the following year. However, if you arrive after July 31st, you will not be in this bracket. You will therefore still need to pay the 20% tax, but will not be able to file for tax return on it. If you arrive before the July 31st cutoff date and are present in Taiwan for longer than 183 days in that tax year (for example, if your arrival date was in March), then you can claim a partial refund on the taxes paid in the following year. Be careful as any time spent out of the country (visa runs, holidays, etc.) will not count toward this 183-day period.
Is this true? 20% is a lot!!! |
Check out what has been discussed about it here:
http://www.forumosa.com/taiwan/viewtopic.php?f=69&t=85400 |
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creztor
Joined: 30 Dec 2009 Posts: 476
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Posted: Fri Mar 12, 2010 5:01 am Post subject: |
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Nate, I mentioned the tax rate on the first page of this thread. It is 18% now.
Last edited by creztor on Fri Mar 12, 2010 5:26 am; edited 1 time in total |
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Rooster_2006
Joined: 24 Sep 2007 Posts: 984
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Posted: Fri Mar 12, 2010 5:17 am Post subject: |
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The tax laws changed recently.
It's now 18% for the six months of EVERY calendar year, even if you've been in Taiwan a while.
You can file a return and get some of that back, but I agree, it's pretty harsh. I guess that's what you end up paying when there's socialized medical care (whether you consider that a good thing or a bad thing). |
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