Hi, I realize that a US citizen must pay self-employment tax on their self-employment earnings while in Taiwan, just wondering if there is any such thing as self-employment tax for Taiwan personal taxes? Or will it always just follow the outlined income tax brackets?
A sole proprietorship is regarded as a self-employed receiving business income derived from carrying on a trade, a business, a profession, or a vocation. Business income is taxable in the sole-proprietor’s name and needs to be reported in his/hers individual tax return, where it becomes subject to personal income tax rates.
Thanks! So basically in Taiwan it is all treated the same.