Is Taiwan taxing globally? Do my income in Hong Kong (including overseas rental properties) need to be taxed 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