OrbitaxTaiwan's Draft Tax Reform includes Abolishing Imputation Tax System and Increasing Corporate Tax Rate and Dividend Withholding Tax Rate
|Proposed Changes|Taiwan
On 1 September 2017, Taiwan's Ministry of Finance issued a release on draft tax reform amendments to the Income Tax law. Planned changes are divided into three main areas and include:
- Reducing the tax burden on salary income and low-income taxpayers by:
- Increasing the standard deduction from TWD 90,000 to TWD 110,000;
- Increasing the special deductions for salaries and for the disabled or hand…
