Someone help me make sure I understand the tax situation for teachers in Taiwan. :s If you begin working before July 1st, you get 20% taken from your check but get it all back the following year at tax time? When do you permanently revert to a lower tax bracket (I thought I read 6% somewhere), or does that never happen?
When evaluating a job salary and planning to start in June of '09, can taking off 20% from the listed salary give me an accurate reflection of my take home pay for the next 12 months???
183 days in one calendar year, jan 1st to dec 31st, then the tax is all payed at 6% (or higher if you earn into the next bracket as well). 183 days is 1/2 day more than half a year. if you start in june you’re OK, as long as you stay in country until the end of the year.
[quote=“71Classic”]Someone help me make sure I understand the tax situation for teachers in Taiwan. :s If you begin working before July 1st, you get 20% taken from your check but get it all back the following year at tax time? When do you permanently revert to a lower tax bracket (I thought I read 6% somewhere), or does that never happen?
When evaluating a job salary and planning to start in June of '09, can taking off 20% from the listed salary give me an accurate reflection of my take home pay for the next 12 months??? [/quote]
as mentioned in the other thread by moi, my hr people insist that henceforth there is no permanent reversion to the low bracket…the counter resets every Dec. 1 or Jan. 1 so you are taxed 20% until the 183rd day of each year!..however they haven’t been able to give me documentary proof of this…