ROC Tax Rate on Pensions

ROC taxes, overseas payment of taxes, withholding rates, general tax liability issues, and other tax-related matters
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ROC Tax Rate on Pensions

Postby Nuit » 22 Apr 2012, 18:28

Does anyone know what the tax rate here is on pension payments?
Is the rate the same, irrespective of whether the payment comes from a Taiwanese or overseas pension scheme?

Any link to a gov't page to back this up would also be appreciated.
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Re: ROC Tax Rate on Pensions

Postby Enigma » 14 May 2012, 16:55

I asked specically about this issue at the Banqiao tax office on the 3rd floor. Mrs. Pan.
Her response was that income from other countries is non-taxable in Taiwan and needs not be reported. I was asking speciacally about SS income but my IRA will kick in in a couple of years so inquired about that flow also. The response was the same. Non-taxable and not necessary to report here.
There are many permutations such as working here on-line and being paid by deposit in the U.S. That situation is totally different. My answer is confined only to retirement income from another country and received in Taiwan for work previously performed in the U.S.
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Re: ROC Tax Rate on Pensions

Postby Nuit » 29 May 2012, 22:46

Thanks for posting that, all very helpful.

Also, I was looking at the recent rules introduced for Taiwan taxing overseas income, the Taiwan alternative minimum tax (AMT): that seems Ok still.
There will be a 20% tax rate applicable to those residents who have an overseas income of more than TWD1m (USD31,000). However, the new tax will not be payable if
an individual’s total income is less than TWD6m;
an individual who would be subject to the tax already pays an effective income tax of more than 20%; or
the tax paid abroad on their overseas income is greater than the tax that would be payable under this new regulation in Taiwan.


So it's 20% tax if you have >USD31k income from overseas, BUT ONLY IF your total Taiwan income is over TWD6m. That should rule must of us out!
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