I’ve got a pretty confusing situation on my hands.
I’ve been in Taiwan since back in February 2016, with lots of trips in and out to nearby countries.
My question is, what’s my better option at this point:
Try to file a self assessment tax return with the UK tax office (this will be late and I’m thinking will probably incur penalties)
Or should I try to go and pay taxes here in Taiwan as I believe I’m not late on the deadline for this?
I’m worried if I do the latter that the taxmen in the UK will chase me down later and require tax, meaning I’d get burned twice on my earnings.
I have very little financial ties to the UK and I rent an apartment here in Taiwan, also don’t foresee myself going back for any meaningful length of time in the next year or so, therefore I feel I qualify as a non-resident in the UK for tax purposes.
Would paying tax here in Taiwan save me from UK taxes? (Considering the two countries have a double taxation agreement). If so, what % of my earnings would I need to pay here, would it be a flat 18% or would it be 12% as my income falls in between the 540,001-1,210,000NT band. I’m not sure if these different bands only apply to ARC holders or if they apply to anyone that’s been here more than the 183 days.
Sorry for the incoherent ramblings, I’m just pretty stressed out about this and I’m trying to save up money for a worst case scenario.
Hope someone could lend me some advice on this!