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Taiwan Announces Basic Living Expense for 2020

18 March 2021

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has issued a notice announcing the basic living expense for 2020 individual income tax filing in May 2021. --- Announcement of the basic living expense per person for 2020 The Ministry of Finance has expressed that the basic living expense per person for the year 2020 is NT$182,000, which applies to deductions on individual income tax to be filed in May of this year (2021). The total amount of basic living expenses for a household is calculated in accordance with the basic living expense per person in the current(previous?) year announced by the Ministry of Finance...