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Showing posts from June, 2021

Taiwan Tax - part 3 Taiwan tax on income

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This post is based on the information provided in the previous two posts, and relates towards those earning employment income in Taiwan under three scenarios, as a self employed individual with a business operating in Canada and providing services within Canada only. I will provide minimal discussion on those that work through a wholly owned corporation in Canada, that provides services within Canada only as this is likely the most complicated situation of all.  For the following, it is assumed the individual is a Canadian permanent resident or citizen. Please note that this post is general in nature and is not meant to be taken as tax advice. One should always consult with a tax professional to discuss one's specific tax situation. First with respect to employment income, the discussion will be based on the following three scenarios: Working remotely in their home countries, and have relocated on their own to work remotely from Taiwan Sent by their employer to work in Taiwa

Taiwan Tax - part 2 Taiwan tax calculation

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This post is geared to explain how income is taxed in Taiwan, with major differences between Taiwan and Canada taxation systems covered at the end. Please note that this post is general in nature and is not meant to be taken as tax advice. One should always consult with a tax professional to discuss one's specific tax situation. The following is an overview of taxation in Taiwan as it relates to Canadians: Tax treaty Canada has a tax treaty with Taiwan , and as such the following rules apply instead of either the Taiwan or Canada tax rules: Residency - is not based on number of days in the country, instead it is based on the following tests: Residence - the country you have a residence available to you, is your country of tax residency. If you have a residence in both countries, or in neither, then need to check the following test The place where center of vital interests lie - this is work, business, bank accounts, driver's license, family and the like If you are considered a

Taiwan Tax - part 1 overview

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While this may be long overdue, this will be the first of a few posts regarding taxes in Taiwan. This is intended as much for foreigners looking to gain insight into the Taiwanese tax system, as much as I also hope it reaches the Taiwan Ministry of Finance. Please note that these posts will all be general in nature and are not meant to be taken as tax advice. One should always consult with a tax professional to discuss one's specific tax situation. This first post will cover an overview of personal taxes in Canada, the U.S., and Taiwan. First here's a quick overview of the taxation systems in Canada and the U.S.: Both countries operate under a self reporting system, meaning, any person liable for tax in either or both countries is supposed to report all of their taxable income voluntarily. Each person is also required to ensure full compliance with the tax rules in place. Where the government is not satisfied that a person is meeting all of their obligations, the government thr

Learning Mandarin part 2

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 As I am just over a week into my studies at MTC NTNU, I thought I should provide an update regarding the process and how I am finding the course so far. First, you will hear people calling the school one of three things, all of which are the same school: NTNU MTC Shide My previous post covered everything up to the application and can be found here . First, the process. With my application submitted and having received what NTNU considers an invoice (prices in NTD), I had to decide between the following: Regular A (6-10 students) - $26,400 Intensive A (6-9 students) - $36,000 Regular B (13-20 students) - $21,600 Intensive B (13-20 students) - $28,800 The above costs were for summer 2021, and on top there was a registration fee of $1,000 if paid on or before the registration date, and $2,500 if paid after the registration date, along with $300 for accident insurance. The difference as I found out after I attended the registration day (via zoom due to lockdowns) between regular and inten