Taiwan's Ministry of Finance recently announced the basic living expense for 2022, which has been set at TWD 196,000 (up from TWD 192,000 for 2021). The basic living expense, less other deductions, is deductible for individual income tax filing in May 2023. --- Announcement of the basic living expense per person for 2022 The Ministry of Finance announced that the basic living expense per person for 2022 is NT$196,000 which applies to the individual income tax filed in May of next year (2023). According to Article 4 of The Taxpayer Rights Protection Act (hereinafter referred to as the TRPA) and...