I pay 20% tax on all prize money won where I live (in Taiwan).
I have never paid tax on race winnings in Japan, Korea or China (where I don't live).
There are MANY Asia Tour riders who race for room and board and a bit of pocket change. All expenses are covered including meals and lodging during the racing season.
Many guys here race for DivII teams in Europe during the European season and then come back to Asia during the European off-season and race virtually for free using their European salaries to get by. If you notice, that's when most of the larger stage races are held in Asia.
Sounds glamorous, non?
The rules are now changing so there will be a min salary for Continental PRO teams, but I don't believe there will be one for Continental teams.
Who ever said they had no sympathy for 'low end' pros should stick to riding the MUP and watching the tour on TV.
I have never paid tax on race winnings in Japan, Korea or China (where I don't live).
There are MANY Asia Tour riders who race for room and board and a bit of pocket change. All expenses are covered including meals and lodging during the racing season.
Many guys here race for DivII teams in Europe during the European season and then come back to Asia during the European off-season and race virtually for free using their European salaries to get by. If you notice, that's when most of the larger stage races are held in Asia.
Sounds glamorous, non?
The rules are now changing so there will be a min salary for Continental PRO teams, but I don't believe there will be one for Continental teams.
Who ever said they had no sympathy for 'low end' pros should stick to riding the MUP and watching the tour on TV.