tax reform 結果共2筆

In 2021, approximately 664,000 Taiwanese taxpayers received disability deductions and 354,000 received long-term care deductions from their individual income tax, in accordance with the rules of the ＂Income Tax Act.＂ The total deductions for disability and long-term care amounted to NT$137.4 billion and NT$42.5 billion, respectively. Since 2014, the number of households benefiting from disability deductions has exceeded 600,000, reaching 635,000 in 2021. The income tax reform in 2018 increased the disability deduction to NT$200,000, resulting in a rise from NT$89.1 billion in 2017 to NT$135.2 billion, with subsequent years remaining around NT$138 billion. Starting from 2019, individuals could deduct up to NT$120,000 for long-term care. By 2021, a total of NT$42.5 billion was deducted, benefiting 330,000 households, which accounted for 5.1% of all reporting households. Over the past five years, the number of individuals benefiting from disability deductions ranged from 664,000 to 698,000, representing 55.2% to 59.6% of all disabled Taiwanese. The number of individuals benefiting from long-term care deductions has been increasing annually for the past three years, with 336,000, 350,000, and 354,000 people, respectively. The beneficiaries of the long-term care 2.0 service also experienced an increase, from 389,000 in 2019 to 554,000 in 2021, indicating an improvement in the capabilities of the long-term care service.

Taiwan’s Legislative Yuan has passed a law amendment known as ＂Housing Tax 2.0,＂ which will raise the residential property tax. The new tax will take effect on July 1, 2024, with taxation beginning in 2025. The Ministry of Finance estimates that around 4.45 million households will be affected by the revised tax, with approximately 3.1 million households benefiting from a preferential tax rate for single residency. This could potentially generate an additional revenue of NT$2.27 billion to NT$3.27 billion. Under the new system, residential properties will be categorized as ＂self-use＂ or ＂non-self-use,＂ with a national limit of up to three properties classified as ＂self-use.＂ The house tax will continue to be collected annually from May 1 to May 31, based on ownership from the prior year’s July 1 to the current year’s June 30. The amendment also requires that ＂self-use＂ residences meet household registration requirements in addition to the existing provisions regarding rental and occupancy by the owner, spouse, or direct relatives. The tax reform will have a significant impact on 10 municipalities that have not yet implemented the housing hoarding tax. To support the legislative changes, four supplementary regulations will be introduced, including differential tax rate modules, calculation formulas, principles for determining the number of household property holdings, and revisions to the organization of the Real Estate Evaluation Committees. All subsidiary regulations are scheduled to be amended by July 1, 2024.