Taiwan: 2022 Tax Changes plus Increase to the Minimum Wage

January 25, 2022
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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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