income changes 結果共4筆

Discover how Taiwan’s new tax exemptions for single renters and families aim to ease financial pressures, with insights on the latest income tax system updates and House Tax 2.0 policy changes.

According to a national economic confidence survey by Cathay Financial Holding, approximately half of respondents believe their salaries will increase in 2024, showing a more optimistic outlook compared to last year. About 25% of respondents anticipate a pay hike of more than 3%. This comes after the Ministry of Labor’s decision to raise the minimum wage by just over 4% in 2024. 64% of respondents reported that their income has remained unchanged over the past six months, while 18.1% said it has increased and 17.9% said it has decreased. Looking ahead to next year, 25.2% of respondents expect a salary increase of more than 3%, a significant increase from last year’s survey. The survey also reveals that respondents predict the country’s economic growth rate to stay at 1.6%, with only around 21% believing it will surpass 2% this year. In terms of inflation expectations, the median value remains steady at 2.5%, with 84% of respondents believing this year’s inflation rate will be more than 2%. Overall, the public maintains a conservative outlook on economic expansion, while inflation expectations remain higher.

Taiwan experiences a surge in travel as global restrictions ease, leading to a phenomenon known as ＂vacation vengeance.＂ The Ministry of Finance reports that approximately 8.42 million passengers traveled in the first nine months of 2023. However, strict tax exemption regulations have caused public frustration as returning residents face customs inspections for exceeding the purchase limit. The current tax exemption limit is NTD$20,000, but citizens argue it is insufficient. The Ministry of Finance is considering raising the limit to NTD$30,000 to NTD$40,000. The regulations governing duty-free privileges for inbound personal luggage have remained unchanged for over three decades. The Ministry of Finance is discussing potential changes to address the rising cost of overseas goods and the country’s gross national income compared to Japan and South Korea.

Taiwan Semiconductor Industry Association Chair Cliff Hou has made four key suggestions to the government in a proposal, emphasizing the need to prepare for significant changes in the global semiconductor industry due to the rise of AI.