Lawmakers recommend adjustments to tax plan

Taipei Times
Date: Sep 03, 2017
By: Sean Lin / Staff reporter

Lawmakers yesterday weighed in on the Ministry of Finance’s proposed tax

Chinese Nationalist Party (KMT) Legislator William Tseng speaks to the media in Taipei on June 19. Photo: Chien Jung-fong, Taipei Times

adjustments aimed at making the taxation system more comprehensive and equitable.

The ministry should consider further raising personal income tax “special deductions” from NT$180,000 to NT$200,000 (US$5,969 to US$6,632) to benefit salaried workers, Democratic Progressive Party (DPP) Legislator Wu Ping-jui (吳秉叡) said.

Under the existing rules, workers are eligible for a deduction of NT$128,000 from their yearly salaries. In cases where taxpayers, their spouses or family members hold disability certificates, a further NT$128,000 deduction applies.

Under the proposal, a worker who earns NT$600,000 a year would receive a tax reduction of NT$3,600, a figure that can be increased by further raising special deductions, Wu said.    [FULL  STORY]

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