Date: Sep 03, 2017
By: Sean Lin / Staff reporter
Lawmakers yesterday weighed in on the Ministry of Finance’s proposed tax
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]