-
30% of Taiwan residents yet to file taxes, bureau reports
Discover how Taiwan’s National Taxation Bureau is simplifying tax filings with mobile options and a chance to win NT$200,000. Deadline is May 31, with 71% already filed.2024/05/22 17:40 -
MOEA head promises negotiation on tax cut for young workers
Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has promised to address a tax cut for young workers in continued negotiation with the Ministry of Finance. Kuomintang (KMT) Legislator Yang Chiung-ying has highlighted concerns over low salaries in Taiwan, noting that the median wage is NT$42,000, the lowest among the Four Asian Tigers. To address this issue, Yang has suggested increasing the age for tax incentives for small and medium-sized enterprises (SMEs) hiring young employees from under 24 to under 30. This policy change, according to the legislator, could significantly help young people struggling with low wages. In response, Wang stated that the government would discuss the proposal with the Ministry of Finance and emphasized their efforts to reduce taxes to tackle the issue of low wages for young workers.2023/11/06 20:34