Question about Taxes on Binary Options & Forex Trading

[EnglishTsai]

@Dane

Thank you for reply, do you happen to know where I can check this information? Like a website or something?

2014-4.pdf

20% AMT Tax for 6.7M and above from overseas income?

Hi, US Citizen here planning to move to Taiwan. I have been told by that there is a tax on income received from outside Taiwan if over 6.7M NTD per year. I do fall into this category as I have a US business S-Corp that generates more than that amount per year. I was told by an associate in Taiwan, to just not report it, but I feel uncomfortable with that, since I file a US Tax Return every year and if I was ever asked by tax authorities in Taiwan to furnish that it would be kind of hard to s…

Pardon me, it’s ~6 million NTD.

What this means is that the first ~6 million NTD of income sourced from overseas is tax free, the rest is taxed at 20%.