I think Taiwan is a relatively high-tax country. In this post, I want to list all of the taxes we required to pay annually in Taiwan. By knowing all due dates on those taxes payment, we certainly can better manage our financial by putting aside a certain portion of monthly salary in advance to pay those taxes.
A. Schedule of Taxes Payment in a Year
Let's make several assumptions
Assumptions:
1. You have a job in Taiwan
2. *You have one private scooter / motorbike
3. **You have one private car
4. ***You own an apartment/ house (not renting)
|
Month
|
Tax Categories
|
Due date
|
|---|---|---|
| January | - | No tax payment schedule. |
| February | - | No tax payment schedule. |
| March | - | No tax payment schedule. |
| April | License plate tax (scooter)* License plate tax (car)** | 30th April (per year) 30th April (per year) |
| May | Income tax Property (building) tax*** | 31th May (per year) 31th May (per year) |
| June | - | No tax payment schedule. |
| July | Gasoline tax (scooter)* Gasoline tax (car)** | 31th July (per 2 years) 31th July (per year) |
| August | - | No tax payment schedule. |
| September | - | No tax payment schedule. |
| October | - | No tax payment schedule. |
| November | Land tax*** | 30th Nov (per year) |
| December | - | No tax payment schedule. |
B. How to Calculate Taxes?
Income tax needs to be paid on May. If you have arrived in Taiwan for 183 days and more, then the standard income tax rate will be charged to you as shown by following table.
Annual Net Income (NT $)
|
Tax Rates
|
|---|---|
<370,000
|
6%
|
370,001 to 990,000
|
13%
|
990,001 to 1,980,000
|
21%
|
1,980,001 - 3,720,000
|
30%
|
>3,720,001
|
40%
|
If you haven't stayed in Taiwan for 183 days, you will be charged 18% of income tax rates, no matter what your level income is.
The 183 day counts begin on the second day you arrive in Taiwan (date of arrival written in your passport, exclude the first day), NOT from the date you get a job. For example: you arrived in Taiwan on March 30th, but you get your job in September, you will be taxed at standard rates (shown by table above), instead of 18% because from March 30th until December 31th, you will have been staying in Taiwan for more than 183 days.
2. PROPERTY TAX
Calculating property tax:
Current Value of Building = Approved unit price x Area x (1-rate of depreciation x years of depreciation) x adjustment rate based on location classification x building floor sharing rate
|
Area = m2
Years of depreciation = years
Rate of depreciation; Adjustment rate based on location classification; Building floor sharing rates = %
Property Tax = Current value of building x applicable tax rates
|
3. LAND TAX
Calculating land tax:
Current assessed value = Land declared value x Area
|
Area = m2
Land Tax = 0.2% x Current assessed value
|
4. SCOOTER/ MOTORBIKE TAX
a. License Plate Tax, paid annually
Total Cylinder Displacement Volume
|
License Plate Tax (per year)
|
|---|---|
<= 150 cc
|
NT$ 0
|
151 - 250 cc
|
NT$ 800
|
251 - 500 cc
|
NT$ 1,620
|
501 - 600 cc
|
NT$ 2,160
|
601 - 1200 cc
|
NT$ 4,320
|
1201 - 1800 cc
|
NT$ 7,120
|
>1800 cc
|
NT$ 11,230
|
b. Gasoline Tax, paid per 2 years
Piston Displacement
|
Gasoline Tax (per 2 years)
|
|---|---|
<= 50 cc
|
NT$ 600
|
51 - 125 cc
|
NT$ 900
|
126 - 250 cc
|
NT$ 1,200
|
251 - 500 cc
|
NT$ 1,800
|
501 - 600 cc
|
NT$ 2,400
|
601 - 1200 cc
|
NT$ 3,600
|
1201 - 1800 cc
|
NT$ 3,960
|
5. CAR TAX
a. License Plate Tax, paid annually
Total Cylinder Displacement Volume
|
License Plate Tax (per year)
|
|---|---|
< 500 cc
|
NT$ 1,620
|
501 - 600 cc
|
NT$ 2,160
|
601 - 1200 cc
|
NT$ 4,320
|
1201 - 1800 cc
|
NT$ 7,120
|
1801 - 2400 cc
|
NT$ 11,230
|
2401 - 3000 cc
|
NT$ 15,210
|
3001 - 4200 cc
|
NT$ 28,220
|
4201 - 5400 cc
|
NT$ 46,170
|
b. Gasoline Tax, paid annually
Piston Displacement
|
Gasoline Tax (per year)
|
|---|---|
251-500 cc
|
NT$ 2,160
|
501-600 cc
|
NT$ 2,880
|
601-1200 cc
|
NT$ 4,320
|
1201-1800 cc
|
NT$ 4,800
|
1801-2400 cc
|
NT$ 7,200
|
2401-3000 cc
|
NT$ 8,640
|
4201-4800 cc
|
NT$ 11,220
|
4801-5400 cc
|
NT$12,180
|
Besides taxes, you may check household bills payment schedules in Taiwan here.
Hope you find it useful!
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