On 27 April 2022, Taiwan’s Ministry of Finance (MOF) announced that due to the COVID-19 pandemic, tax filing and payment deadlines for individual income tax for 2021 are to be extended to 30 June 2022, 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 2021 individual income tax returns to 30 June 2022 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 the extension of the filing deadline and take action to meet the deadline accordingly.

More Details

Filings of individual income tax for 2021 were originally due on 1 May 2022 to 31 May 2022. The tax deadline extension to June 30 is applicable for all taxpayers, Taiwan citizens, and foreign individuals without prior application required. Taxpayers are encouraged to apply for e-filing and cell-phone filing to stay safe and avoid infection from coronavirus.

Tax Refund Period

Furthermore, the tax refund period remains unchanged, with the first batch of tax refunds still scheduled on 29 July 2022.

FOOTNOTE

1 See Ministry of Finance, R.O.C.: https://www.mof.gov.tw (in Chinese).  For similar information in English, click here.

RELATED RESOURCE

This article is excerpted, with permission, from "Taiwan: Extension of individual income tax return filing and payment deadlines (COVID-19)" in e-Tax alert (Issue 179, May 5, 2022).

© 2022 KPMG, a Taiwan partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. 

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GMS Flash Alert is a Global Mobility Services publication of the KPMG LLP Washington National Tax practice. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. 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. The information contained 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.

© 2022 KPMG, a Taiwan partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

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