What are the Taiwan income tax brackets?

5% on net consolidated income up to NT$560,000; 12% to NT$1,260,000; 20% to NT$2,520,000; 30% to NT$4,720,000; 40% above NT$4,720,000. Applied to consolidated income (salary, dividends, rental, business income combined).

How are dividends taxed in Taiwan?

Dividends from Taiwan companies: choose to include in consolidated income (with 8.5% deductible credit) OR pay a 28% separate tax on dividend income. High-income earners generally prefer the 28% flat option.

What is the NHI (National Health Insurance) premium?

NHI contribution rate: 5.17% (2024). Employee pays 30% of premium; employer 60%; government 10%. Supplementary premium: 2.11% on non-payroll income (dividends, interest, rental, freelance) above NT$20,000 threshold.

What deductions are available in Taiwan?

Standard deduction NT$131,000 (single); itemized deductions include charity, medical, disaster loss. Exemption NT$97,000 per person. Specific deductions: salary NT$207,000, disability NT$218,000, education NT$25,000 per child.

Basic Income Tax (Alternative Minimum Tax) applies to individuals with very high income or special income items. Tax base includes: income exempt under special laws, exercise of qualified stock options, insurance proceeds. 20% rate on AMT base minus NT$7,500,000 exemption.

Taiwan Income Tax and NHI Premium Calculator 2024

Calculate Taiwan personal income tax: 5% to NT$560,000, 12% to NT$1,260,000, 20% to NT$2,520,000, 30% to NT$4,720,000, 40% above. Plus NHI premium (5.17% on 2024 payroll). Standard deduction NT$131,000.

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$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate Taiwan personal income tax: 5% to NT$560,000, 12% to NT$1,260,000, 20% to NT$2,520,000, 30% to NT$4,720,000, 40% above. Plus NHI premium (5.17% on 2024 payroll). Standard deduction NT$131,000. Use the taiwan income tax nhi result to inform your calculation.

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Frequently Asked Questions

What are the Taiwan income tax brackets?

How are dividends taxed in Taiwan?

What is the NHI (National Health Insurance) premium?

What deductions are available in Taiwan?

What is Taiwan AMT?