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chon nom
Joined: 27 Feb 2008
Posts: 40
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 Posted: Sun Nov 09, 2008 11:06 pm Post subject: 20% TAX FOR REAL? |
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| Jesus; so if I make $2000 a month I pay $400 in TAX? Do I get it back a la Korea? Strikes me as HEINOUSLY high. |
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forest1979
Joined: 10 Jun 2007
Posts: 507
Location: SE Asia
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| Posted: Mon Nov 10, 2008 11:22 am Post subject: |
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You pay 20% for the first 183 days only. Then it drops to a (much) lower level.
Also, why you think 20% is high. Move to Europe for a tax reality check! |
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SanChong
Joined: 22 Nov 2005
Posts: 335
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| Posted: Mon Nov 10, 2008 7:32 pm Post subject: |
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Yes, you get it back if you are in the country for more than 183 days in any calendar year. If you are in the country for less than 183 days, you don't get it back!
Basically, you need to arrive in the country before July 1st. Then you'll get a refund and end up paying about 6% at the end of the day. |
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Taylor
Joined: 24 Oct 2003
Posts: 384
Location: Texas/Taiwan
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| Posted: Mon Nov 10, 2008 8:28 pm Post subject: |
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Also, most small cram schools will under-report the total amount of money you receive. (They do this for the local teachers, as well). The unreported part is given to you as a separate, off-the-books transaction.
Best wishes! |
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chon nom
Joined: 27 Feb 2008
Posts: 40
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| Posted: Tue Nov 11, 2008 3:21 pm Post subject: the 20% |
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| Thanks, y'all. If I'm there over 183 days but dont finsh my contract, do I still get it back? |
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SanChong
Joined: 22 Nov 2005
Posts: 335
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| Posted: Thu Nov 13, 2008 1:36 pm Post subject: |
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| Quote: |
| Thanks, y'all. If I'm there over 183 days but dont finsh my contract, do I still get it back? |
Yes, that's correct, you would still qualify for the lower tax rate and get a refund. It's basically a "presence test" and has nothing to do with your employer. If you are in the country for 183 days in any CALENDAR year, you qualify for the lower rate.
BTW, if you qualify in one year, you don't need to qualify in the next year again. In other words if you arrived in May of 2008 and left in April of 2009 your 2009 tax rate wouldn't be 20%. It would still be the lower rate because you qualified in 2008.
Confused yet?  |
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yamahuh
Joined: 23 Apr 2004
Posts: 1033
Location: Karaoke Hell
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| Posted: Sun Dec 07, 2008 5:03 pm Post subject: |
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| Taylor wrote: |
Also, most small cram schools will under-report the total amount of money you receive. (They do this for the local teachers, as well). The unreported part is given to you as a separate, off-the-books transaction.
Best wishes! |
Exactly, we've worked for two separate schools; one in the north and one in the south and both had us sign a 'government tax form' that stated our wages as about half what we were making and our hours as something like 14 per week. In the end we paid LESS than 5% tax on our actual earnings over the whole contract once we got our refund. |
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