Can you really afford that ? 
1 Like
I saw someone post that photo somewhere recently too but, I mean, itâs not really some secret useful info. You can find versions of that table literally everywhere.
1 Like
Sure. But thatâs the income tax rate on taxable income, not the income tax rate on income earned.
1 Like
Yes, clearly. None of the tables include exemptions and deductions. And�
I paid $17. I got to get me a new accountant.
1 Like
Thatâs your interest for filing 5 weeks late, yeah? (I think I saw you saying you hadnât filed yet in another thread.) Not bad!
I started to argue with them saying âbut I came here and you was shutâ and then they told me I owed 17 shekels and I was like, OK well in that case.
Couldnât they have technically fined you for being so late?
I filed on time through the software and just paid late, but was expecting to be fined a few hundred.
I filed nine years late once. I file late most years. They never, ever fine me.
3 Likes
Good to know! Do you normally owe them money or vice versa? I wonder whether that makes a differenceâŚ
Swings and roundabouts. Idiot that I am I thought I was getting a rebate this year. Completely didnât realize I was paying zero tax.
Iâve had years when Iâve gone in and theyâve had a cheque waiting for me for undeclared income and when theyâve asked me, did I do some work for xxx company Iâve denied it thinking I was in trouble and theyâve literally handed me a check for 20,000.
3 Likes
Given your chequered record, itâs amazing they let you stay in this country.
And now you are (mis)educating Andrew to follow you down that dark path . . .
Guy
1 Like
If you are not paying tax you are not earning enough.
The new prestige is paying tax in Taiwan .
PS once I started complaining about how much tax I paid in a given year to my colleagues, instead of joining in they were 'how much exactly do you get paid '?
Always fishingâŚ
Humblebrag!
Yet another reason for you to receive honorary citizenship!
Guy
Was actually a real complaint but there was no sympathy for me many Taiwanese donât seem to pay tax it seems.
I paid less than 20,000 this year. I have no idea whyâŚ
Thereâs a fixed tax rate of 6%. You pay this once a year based on how much you earned the previous year.
The government doesnât trust you to pay them a lump sum once a year so they take a little out of your monthly pay.
Most work contracts are a year long. 18% monthly withholding for the first 180 days guarantees that if you skip out on your contract early and leave Taiwan, they still get their tax quota.
Tax returns are all the extra cash you overpaid for taxes being returned to you.
Pro-tip: Do your own taxes, donât let your school âassistâ you. A coworker of mine was once chuffed to be getting 50k back on taxes. I was getting 56k. I didnât say anything.
The government doesnât care. Your employer decides. They can deduct zero if they want. Iâm on zero withholding tax. As are all tax office employees.