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Taiwan - Other taxes and levies
Taiwan - Other taxes and levies
Taxation of international executives
Social security tax
Are there social security/social insurance taxes in Taiwan? If so, what are the rates for employers and employees?
Employer and employee
National health insurance rate is 4.69 percent currently and the insurable amount is up to a ceiling. The insurance premium will increase if there is additional family member. For the following table, we assume that the employee is single.
Labor insurance rate is 10 percent currently and the insurable amount is up to a ceiling. The employer and employee rates for national health insurance and labor insurance are listed as below:
Type of insurance |
Paid by employer |
Paid by employee |
Paid by government |
Total |
National health insurance |
2.814% |
1.407% |
0.469% |
4.69% |
Labor insurance |
7% |
2% |
1% |
10% |
Total |
9.814% |
3.407% |
1.469% |
14.69% |
Gift, wealth, estate, and/or inheritance tax
Are there any gift, wealth, estate, and/or inheritance taxes in Taiwan?
Gifts of property located inside or outside of Taiwan that are made by a Taiwanese resident and gifts of property located inside Taiwan that are made by non-residents are subject to Taiwan gift tax if such gifts exceed the prescribed limit of TWD2,200,000 in a single taxable year.
Inheritance tax applies to inheritance from a Taiwanese resident for any property located inside or outside of Taiwan and inheritance from a Taiwanese non-resident for any property located in Taiwan.
Real estate tax
Sales/VAT tax
Other taxes
Foreign Financial Assets
Is there a requirement to declare/report offshore assets (e.g. foreign financial accounts, securities) to the country/jurisdiction’s fiscal or banking authorities?
Not applicable.
Disclaimer
All information contained in this publication is summarized by KPMG, a Taiwan partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity, based on the Taiwan Income Tax Act (as revised on 31 January 2020), Labor Pension Act, Labor Standards Act, Labor Insurance Act, National Health Insurance Act, Employment Service Act and Act for the Recruitment and Employment of Foreign Professionals.
© 2020 KPMG, the Taiwan member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
