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]
