taxes 結果共9筆

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.

Stay informed about the latest developments in Taiwan as electricity prices, lunch box prices, Taipei Zoo admission tickets, and license taxes are set to increase starting April 1. Make sure to plan ahead for these changes to your monthly expenses.

The Taiwanese government has optimized the income tax system, allowing certain individuals and families to be exempt from income tax. Single individuals renting housing with a yearly income below NT$626,000 will not have to pay individual income tax when filing next year. Additionally, families with two parents and two young children and an annual income below NT$1.641 million will also be exempt. Approximately 47% or 3.05 million Taiwanese households were exempt from income tax in 2021 due to the optimized scheme, which includes increased deductions. Minister of Finance Chuang Tsui-yun clarified that this exemption is not due to poverty. The deductible amount for single individuals renting outside their home area making less than NT$626,000 could exempt them from taxes. For two-income families renting a house, the deductible amount on income tax could reach NT$1.072 million, while a family of four with two children under six could deduct up to NT$1.641 million. If they live with seniors aged 70 or older, the deductible amount could exceed NT$2 million.

Nearly 60% of Taiwanese people support increasing the national defense budget to 3% of GDP, according to a survey released by the Institute for National Defense and Security Research (INDSR). The survey, conducted by the National Chengchi University Election Study Center, gathered 1,214 complete responses from November 12 to November 13. Around 9% of respondents believe the current defense budget is very insufficient, while 46% consider it to be insufficient, totaling approximately 55% who think the defense spending needs a boost. Additionally, nearly 60% of the full sample expressed approval for cutting other government expenditures to raise the defense budget, while around 41% would favor paying more taxes to achieve a defense budget constituting 3% of GDP.

NPP legislator Chiu Hsien-chih criticized DPP presidential candidate Lai Ching-te over rental subsidies, suggesting that some landlords prefer reducing rents rather than allowing tenants to apply for subsidies. During a forum, Lai proposed that landlords offering rental subsidies receive reductions in taxes and funds for home maintenance and administrative fees. Chiu argued that some landlords would rather lower rental rates than enable tenants to apply for subsidies, as it could lead to them paying more income tax. Chiu also highlighted that the government expanded the rental subsidy amount to NT$300 billion last year, aiming to support 500,000 households, but only 278,000 households received assistance, achieving an implementation rate of 55.74%.

DPP presidential candidate Lai Ching-te asserts that repairing the roof of his family home in Wanli is a resident’s ＂right＂ rather than a ＂privilege＂ after multiple typhoons. Lai calls attention to the housing problems faced by residents in mining areas and urges local governments and relevant departments to address these issues. Lai’s response comes after criticisms from TPP presidential campaign director Huang Shan-shan and Professor Hsu Shih-jung for not paying taxes and focusing only on his own house. Lai rebuts these comments, stating that similar situations exist in Jinshan and Ruifang within New Taipei City.

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.

Taiwan’s Executive Yuan approves amendments to the ＂House Tax Act,＂ targeting property hoarders and offering tax breaks to single-occupancy homeowners. Learn how these changes may affect 3.1 million households.

The Ministry of Finance (MOF) unveiled on Monday (July 3) that nearly 6.5 million households in Taiwan filed their income for the year 2021, with approximately 3.05 million of them being exempted from paying taxes, including 13 households earned over NT＄ 5 million yearly income.