Radio Taiwan International
Date: 30 May, 2019
By: John Van Trieste
The finance ministry says taxpayers will notice a lighter burden when they file their 2018 income tax returns.
The finance ministry says that taxpayers are set to feel a lighter burden as they file their 2018 personal income tax returns. That’s as the government makes changes to four major tax deductions.
Tax authorities are raising the amount people can deduct when they claim these deductions. The goal is to take pressure off low- and medium-income households and households with children.
The deadline to file is May 31. The finance ministry says that as of Wednesday, 86% of Taiwan’s 6.3 million taxable households have already done so. [FULL STORY]