Boss returned taxes!

ROC taxes, overseas payment of taxes, withholding rates, general tax liability issues, and other tax-related matters
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Postby wix » 08 May 2003, 07:48

As I understand it these are marginal tax rates. i.e. you don't pay 13% on your entire income. The first $74k is tax free. From $74k to $370k you pay 6%. Above $370k you pay 13%. So if you earn $600k you only pay 13% tax on $230k ($600k - $370k). You do the maths, but it works out to less than 10%.

And as Boss Hogg so wisely mentioned "What are you going to declare?"
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Postby jeff » 08 May 2003, 07:55

wix wrote:And as Boss Hogg so wisely mentioned "What are you going to declare?"

I don't understand that. The employer sends a copy of your tax withholdings statement to the tax bureau, so you have to declare that amount. Now, you're also supposed to declare outside income (eg, from privates), but that's a bit harder to trace if they don't file official tax statements.

Brother made a good point about deductions. I didn't realized it in time to take advantage of it, but money you send home to help out your folks (I think they have to be above a certain age) is tax deductible.
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Postby Bassman » 08 May 2003, 08:21

Ok, I should be more clear here! In Taiwan almost every English school, I assume you teach English, lies about how much it is paying it's teachers. So, I guess what I should say is "How much is your boss saying that you make?" There are many reasons why bosses lie about money and it wouldn't surprise me if this were the case. However, there is a minimum salary of about $34 000 a month that the tax department is more likely to believe/accept, at least in smaller areas.
Myself, I don't need to lie about taxes as I have many deductions.
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Deductions

Postby Steeevieboy » 08 May 2003, 11:18

Ok, let's talk deductions. I have been sending money home to myself. My brother is in University. Can I tie the 2 together? What documents would I need to prove that I was paying for his tuition?
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Postby Bassman » 08 May 2003, 11:56

When you send money back you need to give a reason on the transfer form. Write "for parents" - bingo bango you are supporting your aging parents.
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Postby BAH » 09 May 2003, 03:13

Just make sure your parents don't take that money and then say, "see, it says the money is for us!"

Just kidding... you should practice some filial piety though, and not just use your parents as deductions. :wink:
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Postby Wangbing » 09 May 2003, 12:12

American income tax-exemptions potentially will be soon ending if you work abroad. One big pocket book reason to become a ROC citizen or just "Yankee Come Home":

http://www.taipeitimes.com/News/worldbi ... /09/205300
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Postby aceman » 09 May 2003, 18:23

So if taxes are automatically deducted from my salary that means I will probably never get any of it back right? Has anyone ever gotten money back from the government?
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Postby Mr He » 09 May 2003, 18:27

I got a big lump last year, and expect the same this year. It alldepends on your deductions etc, and I have many deductions.

So foreigners can get money back, no problem.
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Postby Anonymous » 09 May 2003, 18:28

Yes, most years
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