Showing posts with the label taxation

Goodbye Taiwan

 As I am pretty certain anyone following along has noticed, I did not quite enjoy my time in Taiwan (understatement). When I first decided to relocate to Taiwan, part of my assumption was that if things did not work out, I would be able to relocate elsewhere in Asia or Europe without the need to return first. This turned out to not be a possibility. As a result of this, and issues when exiting I thought it would be appropriate to write about my exit adventure, so that others are forewarned should their stay in Taiwan prove to not meet expectations. At the time of writing this I have already been out of Taiwan for 3 months. Trying to relocate elsewhere and the barriers Taiwan erects: Here are some of the countries I tried to get long tern visas for and the reasons I was not able to get them: Cambodia - offers one of the easiest paths to obtaining residency with very low requirements. However, as Cambodia is fully aligned with China, there are no embassies or trade offices in Taiwan thro

Taiwan Tax - part 1 overview

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