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Increased Minimum Wage in 2022
The monthly minimum wage has increased to NT$25,250 starting from January 1, 2022. The hourly minimum wage increased from NT$160 to NT$168.
Wage Subsidies for Businesses Suffering Revenue Drops
Companies that saw revenue declines of at least 20% in September and October 2021 will be eligible to receive wage subsidies of NT$1,000 per month for each full-time employee and NT$560 for each part-time for a period of 6 months.
Changes to Tax Exemption in 2022
Individual income tax exemptions, standard tax deductions, and special deductions thresholds will increase in 2022. Changes include personal tax exemption rising to NT$92,000.
Changes to the Withholding Tax Table in 2022
The start point of the withholding tax table changed from 84,501 TO TWD86,001.
Source: Links International
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