Have you ever wondered whether you are paying the correct amount in insurance and pension contributions every month? This handy guide will help you find out.
The News Lens
Date: 2018/09/03
By: New Society For Taiwan
Photo Credit: CORBIS/達志影像
Every employee is eager to receive their first wage slip after working in a new job for the first month – but on their slip, they will discover that a percentage of their salary has been deducted for things like labor or health insurance. Because this is mandated by law, many people feel this is normal and do not make a serious effort to check and make sure the amount withheld is correct – nor do they always understand why the money is withheld, and what sort of benefits they receive from paying this tax.
Many employers know this. It is common for employers to meddle with these mandatory, government levied taxes by under-reporting salary amounts, making employees pay fees that should be covered by their company, or not paying employees at all – all of which save costs for employers, but violate the rights of employees. [FULL STORY]