Version 2.0 will be implemented on July 1, 2021

① Is the tax rate of 20-45% regardless of the property price?

  Yes, it is.

② What does it mean that foreigners/companies do not need to pay taxes in the 20% column?

  "None" means that foreigners do not have the opportunity to apply 20%. If it is an ordinary individual, it will be sold only one year after the purchase, which is 35%. Whether it is sold for two years or 15 years, it is 35 %.

Q2. Hong Kong applicants have obtained Taiwan status and have paid taxes in Hong Kong in that year. Do they still have to declare and pay taxes in Taiwan in that year?

Answer: If you have a Taiwan ID card, unless it can be proved that the focus of life is not in Taiwan (the objective standard is probably that there is no health insurance in Taiwan), your global income will be taxed, but overseas (such as Hong Kong) income is 6.7 million Taiwan dollars deductible. If tax is still payable after deduction, the amount of overseas income that has been taxed in the country of origin can be used for tax deduction in Taiwan

Answer: If you have a Taiwan ID card, unless it can be proved that the focus of life is not in Taiwan (the objective standard is probably that there is no health insurance in Taiwan), your global income will be taxed, but overseas (such as Hong Kong) income is 6.7 million Taiwan dollars deductible. If tax is still payable after deduction, the amount of overseas income that has been taxed in the country of origin can be used for tax deduction in Taiwan

Taiwan originally only levied taxes on the personal income of residents in Taiwan, but from 2010 onwards, it has changed to use global income as the basis for personal taxation. Taiwan will also implement the Common Reporting Standard (CRS) in 2019.

Taiwan residents' income overseas (such as Hong Kong) is less than NT$1 million, and there is no tax. If the overseas income is more than NT$1 million, plus the income in Taiwan, and the total income exceeds NT$6.7 million, the overseas income must be declared and taxed. The tax amount is the total income minus the tax allowance of 6.7 million and then multiplied by 20%.

After obtaining Taiwanese status, as long as you have not lived in Taiwan one day during the year, overseas income is not taxed. In addition, during the period of staying in Taiwan with a residence permit, if you live in Taiwan for more than 183 days in that year, you also need to declare overseas income

Tax update:

Example: Hong Kong applicants who have obtained Taiwan status and have paid taxes in Hong Kong during the year, then declare as follows in Taiwan:

If you have a Taiwan ID card, unless it can be proved that you are not in Taiwan (the objective standard is probably that there is no health insurance in Taiwan), then global income will be taxed, but overseas (for example, Hong Kong) income is 6.7 million Taiwan dollars deductible, after deduction If tax is still required, the amount of overseas income that has been taxed in the source country can be used to deduct tax in Taiwan

The residence permit is an identity document used by the Taiwanese government to prove the legal residence of Hong Kong and Macao residents, foreigners, people from the mainland, or nationals without registration in Taiwan. It is issued by the Immigration Department of the Ministry of the Interior.

The National Identity Card is the identity certificate of a national registered in Taiwan and issued by the Ministry of the Interior. The residence permit and national identity card also have the right to universal health insurance, further education and employment, investment in a company, application for a monthly phone card, bank account opening, and property sale.

However, the residence permit committee does not have some national rights and obligations, such as no Taiwan passport, no social benefits, no voting rights, no ability to serve as a civil servant, no obligation to military service, etc. The residence permit cannot be passed to the next generation.

In Taiwan, all male nationals between the ages of 19 and 36, called men of service age (military men), must perform military service.

However, Taiwan has been fully converted to a recruiting system on January 1, 2018. Men born on or after January 1, 1994 do not need to perform another year of military service and instead receive four months of military training.

For men born on or before December 31, 1993, they only need to perform alternative service for one year to serve in the government or public institutions.

Yes, when your child obtains a residence permit, he will receive the same education treatment as a local child with household registration in Taiwan.

In fact, there is no conflict between immigrating to Taiwan and immigrating to the United States, Canada, Britain and Australia. First naturalize Taiwan as a resident of Hong Kong and Macao, and then immigrate to the United States, Canada, Britain and Australia. There is no need to give up Taiwanese status. It can be described as one more passport and one more protection.

The advantage of immigrating to Taiwan is that the threshold for investment immigration is low, only 6 million Taiwan dollars (about 1.6 million Hong Kong dollars), and you can get an ID card and passport as soon as you live for one year. In addition, local consumer goods are cheap.

There is also universal health insurance and medical insurance, and Hong Kong and Taiwan are very close regardless of distance and culture.