On May 12, 2021, Taiwan’s Ministry of Finance (MOF) announced that due to COVID-19, tax filing and payment deadlines for Individual Income Tax for 2020 are to be extended to June 30, 2021, without late payment interest and penalties.1  The tax deadline extension is applicable for all taxpayers, Taiwan citizens, and foreign individuals, without prior application required.

WHY THIS MATTERS

The extension of the filing deadline for 2020 individual income tax returns to June 30, 2021, is a measure undertaken to allow taxpayers additional time to organize their tax affairs in these trying times and facilitate avoiding large crowds at the tax offices.  Taxpayers should be aware of such relaxation of the filing deadline and take action to meet the extended deadline accordingly.

More Details

Filings of individual income tax for 2020 were originally due on May 1, 2021 to May 31, 2021.  The tax deadline extension to June 30 is applicable for all taxpayers, Taiwan citizens, and foreign individuals, without prior application required. 

The tax filing service counter will be closed until May 28, 2021, this includes walk-in filing services, e-filing help, and supporting documents submission.          

E-Filing and Extended Deadline (July 12)

E-Filing and Extended Deadline (July 12)

To contain the spread of COVID-19, the MOF has encouraged taxpayers to file their income tax returns via the e-Filing system.  MOF has announced that if taxpayers file their income tax returns through the e-Filing system, the submission deadline of any documents or supporting documents required for filing will be extended to July 12, 2021.  

Where/How to Submit Documents

Prior to this deadline, taxpayers can submit the documents required either in person or send them by post to the relevant tax authority.  For Taiwan citizens, the relevant tax authority is the National Taxation Bureau with jurisdiction over the location of the citizen’s household address.  For foreign taxpayers, it is the National Taxation Bureau with jurisdiction over the location of the address on their Alien Resident Certificate.

Tax Refund Period

Furthermore, the tax refund period remains unchanged, where the first batch of tax refunds is still scheduled on July 30, 2021.

FOOTNOTE

1  See: https://www.mof.gov.tw. Also, for similar information in English, click here.

The information contained in this newsletter was submitted by the KPMG International member firm in Taiwan.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today

Sign up today

© 2022 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.

Flash Alert is an Global Mobility Services publication of KPMG LLPs Washington National Tax practice. The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.