Income Before TaxNT$ 0
Take Home PayNT$ 0
Total TaxNT$ 0
Average Tax Rate0 %
NT$ = New Taiwan Dollar
Income Before TaxNT$ 0
Income TaxNT$ 0
Labor InsuranceNT$ 0
National Health InsuranceNT$ 0
Total TaxNT$ 0
Take Home PayNT$ 0
Total DeductionsNT$ 0
Average Tax Rate0 %
Table of Contents
Enter your employment income into the salary calculator above to estimate how taxes in Taiwan may affect your finances. You'll then get your estimated take home pay, an estimated breakdown of your potential tax liability, and a quick summary down here so you can have a better idea of what to possibly expect when planning your budget.
If you make 0 a year living in Taiwan, we estimate that you'll be taxed 0. In almost all cases, your employer will automatically withhold this amount from your paychecks and thus your take home pay should be around 0 per year or 0 per month. Lastly, your average tax rate ends up being around 0 %. Note that this estimate is based only on the most common standard deductions and credits, if any. If you are eligible for additional deductions and credits, your taxes may differ.
To learn more about Taiwan, its income tax, and tax brackets, so that you can get a deeper understanding of how your budget and finances may be affected, scroll down to the detail section below!
Quick Facts about Taiwan
- Name(s) in Native Language(s):台灣
- Main Language(s):Mandarin
- Currency:New Taiwan Dollar (NT$)
- Total Population:23,568,378
- Most Populous City:New Taipei City
- Time Zone(s):UTC+8
- International Phone Code:+886
- Driving Side:Right
- Climate:Ranges from temperate to tropical, often hot and humid, very rainy in summer especially in the north
Frequently Asked Questions
What is the income tax rate in Taiwan?
The individual income tax rate in Taiwan is progressive and ranges from 5% to 40% depending on your income for residents while non-residents are taxed at a flat rate of 18%. This income tax calculator can help estimate your average income tax rate and your take home pay.
How many income tax brackets are there in Taiwan?
The income tax system in Taiwan has 5 different tax brackets. For more details, check out our detail section.
Taiwan Income Tax Brackets and Other Information
The personal income tax system in Taiwan is a progressive tax system. This means that your income is split into multiple brackets where lower brackets are taxed at lower rates and higher brackets are taxed at higher rates. Tax rates range from 5% to 40%.
For 2022 tax year
|Taxable Income (TWD)||Tax Rate|
|From 560,000 to 1,260,000||12%|
|From 1,260,000 to 2,520,000||20%|
|From 2,520,000 to 4,720,000||30%|
|From 4,720,000 onwards||40%|
Many deductions exist including a standard deduction, a standard personal exemption, and a standard salaries and wage deduction, among many others. Our calculator only focuses on standard ones that are available to most.
Non-residents are not eligible for any deductions and are taxed at a flat rate of 18%.
Taiwan Employment Gold Card
Foreign individuals who satisfy a list of requirements may be eligible for the Taiwan Employment Gold Card which allows for extra tax relief. First made available in 2018, the card serves four purposes in that it acts as a resident visa, a work permit, an Alien Resident Certificate (ARC), and a re-entry permit. In other words, the Gold Card is basically a special visa.
You can apply for this from overseas before arriving in Taiwan and without needing to have secured a job in Taiwan beforehand. If you're already in Taiwan on a different visa, you may be eligible to apply and convert your visa to a Gold Card if your existing visa is not an FO Visa (Foreign Officials and their Family), a Working Holiday Visa (except French nationals that apply during the COVID pandemic and British nationals that hold a YM visa), or an FL Visa (Blue-Collar Workers).
Qualification for the Gold Card is based on an assessement of your professional skills and what field of work you are in. Applications are handled on a case by case basis.
If you are approved for the Gold Card, actually stay in Taiwan for 183 days or more in a calendar year, and will have an annual income that surpasses three million new Taiwan dollars, you'll have access to the special Gold Card related tax relief which allows you to have 50% of the portion of your salary that exceeds three million new Taiwan dollars to be completely tax exempt.
That said, this special tax relief only lasts for five consecutive years from when you first qualify.
Social Security in Taiwan
Social security in Taiwan consists of the Labor Insurance Program (LIP), National Health Insurance Program (NHIP), and Labour Pension Program (LPP).
Contributions to labor insurance are based on each individual's income and is split between the employee, the employer, and the government with the majority paid by the employer. For employees, the contribution rate is around 10% of the ratio of your income that you are responsible for.
Similarly, the contributions to health insurance are also split between the employee, the employer, and the government. In this case, the contribution ratios for each vary widely based on the type of employment. As far as the health insurance rate itself goes, it's around 5% which is then applied depending on a complex set of tiers and brackets that your income falls into.
For the pension program, contributions are only made by the employer. Additionally, foreign individuals can not participate in the pension program.
Resident status and income tax in Taiwan
Residence rules differ between Taiwan nationals and foreigners.
For Taiwan nationals with household registration, individuals are generally classified as resident taxpayers unless they have resided in Taiwan for fewer than 31 days within a calendar year while having one's center of vital interest located outside Taiwan.
Foreign individuals who stay in Taiwan for 183 days or more in a calendar year are considered to be resident taxpayers. Otherwise, they are considered to be non-resident taxpayers.
All Salary Calculators for Asia Pacific
Salary Calculator Disclaimer
- While internal calculations are not rounded, all final resultant numbers are rounded normally with numbers ending in 0.5 and above being rounded up.
- Tax situations vary widely and calculations can get very complex. This income tax calculator only provides a rough estimate according to the most common scenarios for salary (standard employment income) that comes from an employer. If you are self-employed, your taxes might differ.
- There may be additional deductions, credits, exemptions, allowances, reliefs, etc depending on many factors. Some factors are about your family such as the number of dependents, children, relatives, parents, etc. Other factors may include mortgage payments, property depreciation, charitible donations, additional voluntary retirement contributions, etc. Whether or not you are handicapped and/or disabled may also sometimes be an additional factor.
- Depending on region and jurisdiction, salary bonuses may be treated and taxed differently from standard salary. Additionally, some cities may have city specific income tax.
- This income tax calculator only estimates income tax. It does not consider other taxes like property tax, self-employment tax, capital gains tax, dividend tax, etc.
- Income tax calculators from other sites may show slightly different numbers due to different deductions/credits being included or they are based on data from a different year.
- Investomatica is not a tax advisor. While we try our best to stay up to date with changes in tax codes, we make no guarantee our salary calculator will be accurate. Generally, we review changes once a year. If you notice a major miscalculation or error with our salary calculator (most likely caused by a typo somewhere), feel free to direct message us on twitter and let us know. However, if you have specific tax questions, please consult a licensed tax professional.
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