jlick wrote:Withholding must be paid within 10 days of the payment, so if you are paid monthly, your employer has to pay withholding monthly.
Thanks for the quick reply, that's really useful information. Would you also happen to know if it is illegal or maybe what kind of penalties/ disincentives there are under the new rule if a Buxiban owner wants to withhold at a standard rate for a foreign English teacher those first 183 days? I was at the tax office today but forgot to ask that one. Anyway, if anyone knows smething about this, I would appreciate it.
@plasmatron, I believe you are correct about the sliding rate based on income, I'm not sure why 6%, or rather 5% as it has been changed to, is referenced so often. I would guess most English teachers would make enough to be taxed @ 12%, and the tealit article states that 13% (now 12%) is the most common.